The multi-billion ringgit outdoor theme park in Genting Highlands that was scheduled for a soft opening this year has been push back by a year to the third quarter of 2021.
The RM 5 billion 26-acre outdoor theme park which is said to have 20 rides including 4 rollercoaster type attractions was mooted back in 2014 but has faced numerous delays and legal battles against The Walt Disney Co was supposed to be opened in the third quarter this year.
However, Genting Group’s management in its notes accompanying the latest set of results said that development works on the outdoor theme park were affected by the movement control order (MCO).
Genting Berhad, the parent company of GenM registered a loss of RM 132.3 million in the first quarter this year against a profit of RM 561.6 million in the corresponding period last year.
GenM also announced it will undertake mutual and voluntary separation schemes for its employees to further mitigate the adverse financial impact from the ongoing Covid-19 pandemic.
Resorts World Genting’s businesses support more than 70,000 jobs in Malaysia.