This is the forecast by Maybank Research which also saw analyst Samuel Yin slash his earnings estimates for Genting Malaysia in 2021, Inside Asian Gaming reported.

He said that following the latest movement restrictions RWG could end up incurring losses amounting to RM676 million in 2021.

RWG was shut down for about three months from March 18 last year and again for 25 days from Jan 22 this year.

“We gather that RWG will be shut for three months this time and the new theme park Genting SkyWorlds will only open in December 2021 to coincide with the school holidays,” Yin was quoted as saying by the gaming industry publication.

However, he estimated the losses incurred this year would “still be less than half” of the RM1.45 billion loss recorded last year, in view of the reopening of Genting Malaysia’s UK casinos and strong recovery at its US properties.

Yin noted that Resorts World New York was already back to pre-Covid-19 levels while Resorts World Catskills had recovered to 84%.

He also predicted another strong rebound for RWG once the pandemic in Malaysia eases.

Last month, RWG said casinos in Genting Highlands were closed until further notice due to the latest movement control order.