Genting Malaysia Bhd have improved their margins, but are still operating at a significant loss and aren’t sure when recovery will truly come. The casino operator reported a MYR704.6 million ($173.2 million) loss for the third quarter, a 22% improvement from Q2.

[Image credit: Wikimedia Commons]

The operator of Resorts World Genting revealed their financial results in a November 26 filing with Bursa Malaysia. While the company improved from their previous MYR900.4 million loss ($221.2 million), they admitted that times continued to be hard, in part because “business volumes continue to be impacted by the pandemic.”

Operations at Genting Malaysia was suspended entirely between March 18 and June 19, due to broader efforts in Malaysia to contain Covid-19. While the casino was open throughout the entirety of Q3, reduced capacity cut into potential revenues.