Genting Malaysia’s prospects seen bright as SkyWorlds opens

Genting Malaysia’s long-awaited and much-anticipated SkyWorlds outdoor theme park will hold its soft opening on Tuesday, with analysts confident the attraction will prove to be a key driver of visitation to Resorts World Genting.

The company first announced plans for the theme park in 2013 as part of a major overhaul of the Genting Highlands property.

The RM10.38 billion ($2.46 billion) Genting Integrated Tourism Plan (GITP), as it is known, involved the addition of new hotel rooms, expansion of the casino floor, as well as more retail and food & beverage. The initial investment was slated to be MYR5 billion, though the company announced it had doubled its spending plans in 2016.

The $800 million SkyWorlds park is the crown jewel in the revitalization plan. Spread over 26 acres, the park has nine themed zones. It is ultimately expected to feature 26 attractions, though not all were open during a preview for analysts late last month. The remainder of the rides will be rolled out in stages.

“We think that the park is well-conceptualised, has a good mix of attractions for all ages, and is likely to be a crowd puller to the highlands resort,” Nomura analysts wrote in a note after the visit.

Source: https://agbrief.com/intelligence/07/02/2022/genting-malaysias-prospects-seen-bright-as-skyworlds-opens/