Casino Business Parent Genting Bhd To Conduct Interim Dividend

Malaysian-listed conglomerate Genting Bhd, the parent of a number of casino companies operating in Asia and around the world, declared an interim dividend of 0.065 MYR ($0.0155) per share for the fiscal year ending Dec. 31.

The single-tier dividend can be paid on Nov. 18, the group said in a filing with Bursa Malaysia on Monday.

In early August, Singapore Resorts World Sentosa Casino Resort operator subsidiary Genting Singapore Inc GENTING SINGAPORE announced an interim dividend of SING$0.015 ($0.0109) per common share due Sept. 20, on its second-quarter earnings through June 30.

Later that month, Genting Malaysia Bhd, which operates Malaysia's only casino resort, Resort World Genting, and has operations in the U.S. and the Bahamas, the U.K., and Egypt, announced on Oct. 11 that it would pay an interim single dividend of MYR0.06 per common share in its second-quarter earnings.

In late August, Genting Hong Kong Ltd, Hong Kong-listed operator of casino cruise ships and shipyards in Hong Kong and investor in Philippine Resorts World Manila Casino Resort, reported interim results, trimming its first-half deficit. It did not recommend an interim dividend declaration for that reporting period. It declared a dividend of US$0.01 per common share in the first half of 2018.

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