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.