Tuesday 23 Apr 2024
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KUALA LUMPUR (Nov 2): Effective Tuesday (Nov 1), there will be adjustments to the Genting SkyWorlds Theme Park's ticket prices, Genting Malaysia Bhd's operating unit Resorts World Genting said in a statement on the group's website.

"All online tickets will need to be booked at least one day in advance.

"To avoid any disappointment, please purchase your tickets online for greater savings with our exclusive deals," Resorts World Genting said, without specifying in the statement the adjustments to ticket prices.

A Genting Malaysia representative told The Edge over the phone later on Wednesday that prior to Tuesday, a Genting SkyWorlds ticket for one person cost RM151 if it was bought online or on-site.

The representative said that starting from Tuesday, a Genting SkyWorlds ticket purchased online will still cost RM151, while tickets bought on-site will cost RM170 each.

"We are implementing an online versus on-site [ticketing] pricing [strategy]," the representative said.

According to the representative, the strategy aims to give Genting SkyWorlds guests "a better experience before they come to the theme park", as they will not need to queue to buy tickets.

The soft opening of Genting SkyWorlds was held on Feb 8.

The representative said that after the adjustments to ticket prices, Genting SkyWorlds still offers visitors "a soft opening price", as the theme park is still in the soft opening phase.

Meanwhile, initiatives are ongoing to improve guests' experience.

Genting Malaysia said in its latest corporate presentation that up to three additional rides at Genting SkyWorlds are expected to be commissioned within
the fourth quarter of 2022.

Meanwhile, investments in targeted events and promotions will be made to drive leisure traffic to the hilltop resort in Pahang, according to the casino and hotel operator, the global businesses of which include operations in the US and UK.

Genting Malaysia undertakes its local operations via Resorts World Genting.

According to Genting Malaysia, Resorts World Genting plans to "optimise yield contributions by focusing on key business segments and database marketing efforts, and continue to ramp up its operations while capitalising on demand for integrated resort offerings" by leveraging its existing assets to attract foreign and domestic visitors to the hilltop resort.

Financials improved

Genting Malaysia's financials have improved in tandem with global Covid-19 vaccination progress, which offers optimism that the pandemic, which began in early 2020, can be curbed.

For the second quarter ended June 30, 2022, Genting Malaysia trimmed its net loss to RM10.85 million from a loss of RM348.11 million a year earlier, as revenue was lifted to RM2.18 billion from RM817.87 million, according to a filing with Bursa on Aug 25.

First-half net loss narrowed to RM137.38 million from a loss of RM831.7 milion a year earlier, while revenue was higher at RM3.9 billion versus RM1.44 billion previously.

The counter closed unchanged at RM2.70 on Wednesday, after trading at between RM2.68 and RM2.72, giving Genting Malaysia a market value of about RM15.31 billion based on its 5.67 billion outstanding shares.

Edited ByChong Jin Hun
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