Genting goes from RM268 million in profit to RM417.9m in loss since pandemic.

The company may layoff up to 20% of their 20,000 staff.


Alfred Lee

22 May, 2020

Genting goes from RM268 million in profit to RM417.9m in loss since pandemic. | BEAMSTART News

- From our Sponsors -

Casino and theme park operator, Genting Malaysia, has posted a Q12020 net loss of RM417.95 ($95.82) million as the business suffers from the devastating effects of the pandemic.

In comparison, the company made RM268.28 ($61) million in net profit the previous quarter.

The group’s losses did not come as a surprise as many places of gatherings, including bars, clubs, and entertainment centres have been shut down temporarily since mid-March due to the pandemic.

Genting operates hotels, theme parks, entertainment centres, and more.

In an earlier report, Genting Malaysia is also expected to shed 10% - 20% of their existing 20,000 workforce.

The company also announced pay cuts in April 2020, the first time since 1965.

- From our Sponsors -

Latest Jobs

Customer Success Manager

TaxGPT

Full Time

USD 100000 — USD 150000 yearly

Enterprise Customer Success Manager

PermitFlow

New York,

Full Time

USD 150000 — USD 175000 yearly

Senior Software Engineer, Frontend

BillionToOne

California,

Full Time

USD 187272 — USD 208080 yearly

Business Development Intern-to-Hire

Wefunder

California,

Internship

USD 25 yearly

Account Executive

Clipboard

New York,

Full Time

USD 160000 — USD 200000 yearly

Frontend Developer - React.js / Next.js

Storylane

Full Time

USD 40000 — USD 70000 yearly

Staff Engineer

Nabis

Full Time

USD 180000 — USD 200000 yearly

Jr. Customer Support Engineer

PolicyFly

Full Time

USD 40000 — USD 60000 yearly

Senior Engineering Manager

HackerRank

Karnataka,

Full Time

USD 1 yearly

Sales Director

Conveo

New York,

Full Time

USD 100000 — USD 200000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).