Despite many of its Asian peers seeing a slump in business, the Genting Group's gaming revenues have not been impacted as severely, says Lim Kok Thay, chairman of the Genting Group. The Malaysian conglomerate, which operates a diversified portfolio of businesses in the gaming, leisure, and real estate sectors, currently owns casinos in countries including the United Kingdom, Singapore and the U.S.
"For Resorts World Singapore … not being at the doorstep of Macau, we have been less impacted (by the anti-graft campaign)," says Lim Kok Thay, chairman of the Genting Group, referring to the company's integrated resorts operations in Singapore.
Other measures taken by the company to mitigate the downturn include being more selective in its credit policy and gaming limits to offset lower revenues with fewer bad debt write-offs. The Genting Group has also been resilient due to its ability to "draw from neighboring (ASEAN) countries instead of just Chinese and Singaporean casino-goers," Lim tells CNBC's "Managing Asia."
Genting also has its eyes on developing integrated resorts in East Asia. The news that long-awaited casino legislation could finally be passed in Japan is another reason for the company's interest in the region.Casinos are currently illegal in the country.
"Now that (Japanese legislation) is back on (track), Genting would definitely want to be a player when legislation is passed on the 2 or 3 integrated resorts," Lim says.