A sneak peek at Genting’s RM3.2b SkyWorlds theme park, opening mid-2021

[The_King]

 

 

https://youtu.be/mt-YEoo4S5A

 

https://youtu.be/ZSo39-xVNrA

 

The park has been touted as ‘South-east Asia’s most anticipated theme park.’ — Picture courtesy of Resorts World Genting
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KUALA LUMPUR, Feb 23 — The wait is almost over as Resorts World Genting’s (RWG) movie-inspired theme park Genting SkyWorlds, is set to welcome visitors in the second quarter of 2021.

RWG's head of business operations and strategy Lee Thiam Kit said that the group is committed to opening the park this year despite the ongoing Covid-19 pandemic and movement control order (MCO).

Lee added that RWG has invested US$800 million (RM3.2 billion) into the park since its conception and believes it will be a valuable asset to the Malaysian economy and tourism industry.

“We’re committed to this park and we will see to it that it opens, barring unforeseen circumstances.

“Going forward, when we open, there will be jobs created and the park will add economic activity directly and indirectly as well as a boost to tourism in Malaysian and Pahang,” said Lee in a virtual press conference today.

Guests at Genting SkyWorlds will get to immerse themselves in 9 movie and adventure-inspired worlds, namely

Eagle Mountain, Central Park, Liberty Lane,
Robots Rivet Town, Andromeda Base, Studio Plaza,
Epic, Ice Age, and Rio.









The outdoor park spans a whopping 26 acres with something for everyone amongst its 26 rides and attractions, ranging from thrilling roller coasters to exciting water rides.

RWG’s head of theme parks Gregory Pearn said the park will also include rides that will be the first of its kind in the world and that details on these attractions will be unveiled closer to the opening date.

Standing in long queues is set to be a thing of the past as Genting SkyWorlds has partnered with Alibaba to utilise virtual queue technology so guests can pre-book their spot on rides and attractions.

Visitors will also be spoilt for choice with a range of unique food and beverage options that will further enhance their theme park experience.

Construction on the park is in its final stages. — Picture courtesy of Resorts World Genting

Genting SkyWorlds, formerly known as 20th Century Fox World, will feature rides and attractions themed around films and franchises from 20th Century Studios.

This includes Ice Age, Night at the Museum, and Planet of the Apes.


Night at the Museum
2006



Dawn of the Planet of the Apes (2014)

Pearn noted that these worlds will be accompanied by original intellectual properties (IPs) from Genting as well.

“We do have some (20th Century Studios) IPs in the park such as Rio and Ice Age which are fantastic IPs to have.

“We are also complementing these with our own homegrown IPs and in the long-term, the plan is to introduce other IPs to the park as well.

“Having Genting SkyWorlds as the hero of the product gives us the chance to be more creative with the proposition and allows us more freedom with what we want to introduce at a later stage,” said Pearn.

(From left) RWG executive vice president of leisure and hospitality Datuk Edward Arthur Holloway, head of business operations and strategy Lee Thiam Kit, head of theme parks Gregory Pearn, and vice president of theme parks Sanjay Nadarajah. — Picture courtesy of Resorts World Genting

(From left) RWG executive vice president of leisure and hospitality Datuk Edward Arthur Holloway, head of business operations and strategy Lee Thiam Kit, head of theme parks Gregory Pearn, and vice president of theme parks Sanjay Nadarajah. — Picture courtesy of Resorts World Genting

Due to the closure of international borders, RWG executive vice president of leisure and hospitality Datuk Edward Arthur Holloway said the plan is to focus on the local market for the next 6 months to 1 year before targeting foreign visitors.

Pearn added that Genting SkyWorlds will reveal more about its star attractions and other details such as ticket prices in the coming months.



Operations at Resorts World Genting have resumed effective 16 February following a temporary closure on 22 January due to the re-imposition of the Movement Control Order (MCO).

24 days close!!!!




Acquisition of 21st Century Fox by Disney



21st Century Fox logo.svg
Initiator The Walt Disney Company
Target 21st Century Fox
Type Full acquisition
Cost US$71.3 billion
Initiated December 14, 2017
Completed: March 20, 2019



The acquisition of 21st Century Fox by Disney took place on March 20, 2019.


Among other key assets, the acquisition of 21st Century Fox by Disney included the 20th Century Fox film and television studios, U.S. cable/satellite channels such as FX, Fox Networks Group, a 73% stake in National Geographic Partners, Indian television broadcaster Star India, and a 30% stake in Hulu.


Immediately preceding the acquisition, 21st Century Fox spun off the Fox Broadcasting Company, Fox Television Stations, Fox News Channel, Fox Business, FS1, FS2, Fox Deportes, and the Big Ten Network into the newly formed Fox Corporation.



However, strict SOPs are still in place with shorter operating hours, limited availability or closure of certain facilities/attractions.
Meanwhile, operations in the UK remain shut.

As the MCO 2.0 has partly affected businesses during the peak period (i.e. Lunar New Year holiday), we have earlier reduced our FY21F earnings forecast by 14%. Under the expectation that the travel and tourism industry is on the road to recovery following news of vaccine rollouts, we believe the worst is over for GENM.

Earnings are only expected to recover slowly as we reckon the impact of economic fallout on consumer sentiment will continue to affect spending on non essential and discretionary activities in Malaysia.

Although the outdoor theme park is targeted to open by mid-year, it is only expected to accommodate some 20,000 tourists, which is still far from its initial target of 3m visitors a year.



GENTING SKYWORLDS MALAYSIA



Genting SkyWorlds outdoor theme park to open 2Q21, featuring 20th Century Fox attractions

 

 

 

[XianGe]

Will be a quiet opening

[socrates469bc]

22 minutes ago, The_King said:

 
However, strict SOPs are still in place with shorter operating hours, limited availability or closure of certain facilities/attractions.
Meanwhile, operations in the UK remain shut.

As the MCO 2.0 has partly affected businesses during the peak period (i.e. Lunar New Year holiday), we have earlier reduced our FY21F earnings forecast by 14%. Under the expectation that the travel and tourism industry is on the road to recovery following news of vaccine rollouts, we believe the worst is over for GENM.

Earnings are only expected to recover slowly as we reckon the impact of economic fallout on consumer sentiment will continue to affect spending on non essential and discretionary activities in Malaysia.

Although the outdoor theme park is targeted to open by mid-year, it is only expected to accommodate some 20,000 tourists, which is still far from its initial target of 3m visitors a year.
 

 

jin kumgong.

 

70% tiongland, 20% sgp and 10% domestic means genting is gg for the next 3 yrs liao.

 

but still have kgks believe fast reopening and buy the share.

 

https://www.dbs.com.sg/treasures/aics/templatedata/article/equity/data/en/DBSV/012014/GENM_MK.xml

[The_King]

if it was me, i delay until end of next year. if still bad i delay another yr until thing improve

Edited March 15, 2021 by The_King

[socrates469bc]

1 minute ago, The_King said:

if it was me, i delay until end of next year

 

genting family want to con kgks to get out of the company.

 

kgks many many.

 

reminds me of this sgp listed bolehsian share.

 

[The_King]

Just now, socrates469bc said:

 

genting family want to con kgks to get out of the company.

 

kgks many many.

 

reminds me of this sgp listed bolehsian share.

 

i forgot there a sucker born every min