Solid market position in its main leisure and hospitality business. Strong financial profile. Some degree of revenue and earnings diversity. Single-site risk of gaming business. Operating and financial challenges associated with its cruise business. Some counterparty and expansion risks in its power business. The rating on Genting Bhd. reflects the following strengths: Solid market position in its main leisure and hospitality business. Genting is the sole licensed casino operator in Malaysia. Its sound competitive position is supported by its strong "Genting" brand in Asia, established track record in running resorts and casinos, and an absence of comparable gaming centers in Southeast Asia. Earnings from this segment are key to its stable cash flows, given that the bulk is derived from
