Malaysia – Resorts World Genting may be closed for another three months

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Resorts World Genting

Resorts World Genting, Malaysia’s mountaintop casino, will remain closed for another quarter of a year. However, Maybank Investment Bank is planning a reopening in November when the national vaccination rate reaches 80%.

According to Maybank IB analyst, it will take another three months for vaccination levels to reach that level. If so, the casino will remain non-operational for five months, having begun its lockdown on June 1.

Mr. Yin stated, “Our investment thesis of Covid-19 vaccination-led recovery remains intact, as Malaysia expects to achieve herd immunity by October 2021, as COVID-19 vaccinations increase to more than 400,000 per da. At this rate, Malaysia expects to achieve herd immunity by October 2021.

 

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Nassima Azmzm

Nassima Azmzm

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