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 the grind market, as opposed to the more volatile high rollers market. Genting benefits from a strong customer base from Malaysia and Singapore, which helped to offset the impact of reduced visitors from China and Hong Kong during the severe acute respiratory syndrome
