Genting Bhd—controlled by Malaysian billionaire Lim Kok Thay—is expanding its presence in the U.S. by adding electronic betting to its operations as growing contributions from its casinos in New York and Las Vegas helped the gaming giant narrow its losses in 2021.
The Kuala Lumpur-based company reported last week that losses narrowed to 1.4 billion ringgit ($333.3 million) in 2021, compared to a loss of 2 billion ringgit the previous year as earnings at its casino resorts in Malaysia and Singapore rebounded despite a resurgence of Covid-19 infections in the latter part of the year.
Genting’s U.S. properties also saw improved results, with Resorts World Las Vegas
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