You’ve heard it all before about the Genting Casino in Malaysia; how it is vastly different from all other casinos in the world, and yet it still attracts hundreds of thousands of visitors every year. Yet why is it so popular? Malaysia’s Genting casino is unique in that it is not only a casino but also a hotel. This combination of two very successful business ventures makes it unique in both the world of casinos and hotels. Not only is Genting a highly sought after tourist destination in Malaysia but it is also one of the most popular destinations in terms of gambling, entertainment, shopping, and more.
G Genting Casino Hotel Malay, as it is known simply, is located in an area of northern Malaysia known as Northolt. The name is based on the location of the hotel, which lies within the boundaries of the Genting National Park. The area surrounding the resort is known for its lush rainforest. This natural setting makes the area ideal for Malaysia’s tropical climate, making it the perfect place to enjoy any outdoor activity during the warmer months. This natural weather along with the proximity of the park ensures that casino gambling is extremely popular throughout the year. This trend has been compounded by the steady increase in vacancies available in Malaysia’s largest city.
It is not a surprise that casino owners are looking towards the opportunities offered by the expansion of their existing casinos. The expansion of the Genting Casino into a hotel creates the opportunity for a huge number of new jobs created by the gaming industry in Malaysia. With this growth in tourism, many new businesses will be able to tap into the resource of local workers in the form of hospitality staff and cleaners. This influx of new businesses into the area provides a great opportunity for Malaysians who desire a change of scene, as well as tourists from across the world. There is also the potential for growth in the Kuala Lumpur property market as more foreign investors look towards investments in the country.
The expansion of Genting provides a direct path for a large influx of people to the country, making it a much desired place for international tourists, as well as locals. As the Genting Resort develops, there will be the need for more hotels and resorts to accommodate this influx. This growth in the hotel industry will mean an increase in the demand for commercial properties, both for commercial and residential purposes. A recent development in this area was the development of a mixed retail/office space at the relocated Genting Casino. This project, which includes the opening of a new department store, will give a boost to the local economy, as well as creating more jobs for local residents.
In this highly sought after location, the new outlet of the Genting Hotel is offering a tremendous opportunity for any potential investors or business owners. The casino owners have placed a strong emphasis on the community surrounding the Resort, which includes all of the benefits that any real estate community looks for. This is a prime location because the casino is in close proximity to a number of restaurants, nightspots and other hot spots. The opportunity to attract and retain quality tenants, while building upon the existing successes of the existing businesses is very attractive to potential buyers.
Real estate opportunities can often times be difficult to locate and pursue, as they are generally hidden from view. The Genting casino is no exception, offering an unobstructed opportunity to those who wish to invest in this prime piece of land. There are already some successful ventures in the region with successful owners, including the Penang Resorts World Sentosa, Genting Grand Lagoon and Genting Entertainment Centre. These properties already provide tenants with top amenities and value for their money. Adding to these success stories will go a long way towards ensuring that any investors get the chance to take advantage of this amazing opportunity.
Any growth in the hospitality industry always creates opportunities for people to enter the business, but the ability for any business to thrive depends on the right property and the right management strategy. Genting has all of these elements working in its favour. It is not just a location that make this gambling facility such an attraction, but also a stable operation that ensure a good turnover rate of business. These attributes have made Genting one of the most popular casino destinations around the world. No other property has achieved what Genting has achieved so far.
The casino business is one that require expansion plans and to expand capacity are always required. Any increase in potential clientele will only work to enhance the profitability and attractiveness of the casino. Genting’s growth rate exceeds all of its competitors, which only serves to underline the enormous amount of potential profit that the business is able to produce. Any investment would be an investment in the future, and a good manager will ensure that future growth is not hampered by poor management practices. Genting’s growth and development plan have already seen some remarkable achievements, which only shows how effective it has been in securing more profitable territory.