BY GABRIELLE
T
The new theme park being built at Resorts Wold Genting (RWG) in Malaysia, may open ahead of schedule and could be as soon as the first or second quarter of 2020.
Known as Genting Malaysia, the outdoor theme park was originally planned to open in 2021. However, the Maybank Investment Bank says the theme park could now be open to the public in early 2020.
In a recent report, the Maybank Investment Bank noted the theme park was “95% completed” and that Resorts World Genting had placed a full page of job ads within its theme park division.
“We gather that Resorts World Genting could be opening its outdoor theme park a lot earlier than we expected.
“Our earnings estimates are unchanged, but we remove the 10% discount we previously ascribed to our sum-of-parts (SOP)-based valuation on added certainty that the OTP [outdoor theme park] will finally open,” Maybank Investment Bank wrote in its report.