GEN Malaysia Targets $800M Theme Park To Launch In Q2

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GEN Malaysia Targets $800M Theme Park To Launch In Q2

Casino operator and resort promoter Genting Malaysia Bhd confirmed it is targeting the second quarter of this year for the launch of its long-awaited outdoor theme park at Resorts World Genting, Malaysia's only casino complex.

The facility (a mock photo) will be branded as "Genting Sky Worlds," according to Malaysian media reports citing comments from the company's management at an online briefing on Tuesday.

Resort World Genting, located in the highlands outside the Malaysian capital, only reopened on Feb. 16 after being closed for more than three weeks due to COVID-19 measures.

Genting Malaysia has invested "more than $800 million" in Genting Sky World, which has some "finishing operations" underway for its final launch, Reuters and financial news outlet Edge Markets respectively reported, citing management.

The outdoor theme park features rides and images, themes linked to the 20th Century Fox movie brand.

The attraction was believed to have given the theme park its entire "20th Century Fox" brand. The idea was eventually withdrawn. In July 2019, Genting Malaysia in a filing with Bursa Malaysia revealed that it had reached a settlement "completely" that had previously been reported in approximately $1 billion in lawsuits in the United States over the matter.

The theme park covers 26 acres (10.52 hectares) and is said to be able to accommodate up to 20,000 tourists at a time under normal trading conditions. The facility will now be sold to Malaysian families, without foreign tourism entering the country, Edge Markets reported, citing Edward Arthur Holloway, vice president of the resort's World Genting Leisure and Hospitality division.

BY: 릴게임