{"id":110503,"date":"2019-07-29T08:04:12","date_gmt":"2019-07-29T15:04:12","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=110503"},"modified":"2019-07-30T05:48:36","modified_gmt":"2019-07-30T12:48:36","slug":"resorts-world-genting-malaysia-theme-park-projected-to-open-next-year","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/resorts-world-genting-malaysia-theme-park-projected-to-open-next-year\/","title":{"rendered":"Resorts World Genting Malaysia Theme Park Projected to Open in 2020 After Legal Battle"},"content":{"rendered":"

A delayed theme park at Malaysia\u2019s Resorts World Genting casino could open as early as next year after Genting Malaysia Berhad recently settled lawsuits in a licensing dispute involving 21st<\/sup> Century Fox and the Walt Disney Company.<\/p>\n

\"\"
Genting Malaysia Berhad has settled lawsuits, over a delayed theme park at Resorts World Genting, under the direction of Lim Kok Thay, chairman of the Genting Group. (Image: AsiaOne)<\/figcaption><\/figure>\n

Located near Kuala Lumpur — the planned outdoor park was initially known as 20th Century Fox World. It will be renamed, according to an out-of-court settlement announced last week, but the new name has yet to be revealed.<\/p>\n

Litigation began when Genting sued Fox and Disney in November in California federal court for breach of contract. The lawsuit was for more than $1 billion.<\/p>\n

Fox allegedly backed away from allowing Genting to use Fox\u2019s brands for the park\u2019s rides and attractions. The change of mind by Fox executives was allegedly due to pressure from Fox\u2019s new owner, Disney.<\/p>\n

Fox countersued Genting in January for $46.4 million. The company claimed Genting missed key deadlines in the theme park\u2019s opening.<\/p>\n

Under the new settlement, Genting can use some Fox brands at the theme park. Brands from other entertainment companies may also be seen at the park.<\/p>\n

The parties have entered into a restated memorandum of agreement \u2026 granting Genting Malaysia a license to use certain Fox intellectual properties,\u201d <\/span><\/strong>according to a filing last week.<\/span> \u201cThe outdoor theme park shall also be renamed.\u201d<\/span><\/strong><\/p><\/blockquote>\n

Genting Malaysia further revealed in the filing to the Bursa Malaysia stock market that it is \u201ccurrently updating its development and construction plans to complete the outdoor theme park utilizing both Fox and non-Fox intellectual properties.\u201d<\/p>\n

It remains unclear which Fox brands can be used at the theme park. Variety <\/em>reported a third-party has given the okay to two rides: \u201cIndependence Day — Defiance\u201d and \u201cNight at the Museum — Midnight Mayhem.\u201d<\/p>\n

A deal for Disney to acquire Fox\u2019s film and TV assets had been announced before the initial lawsuit. The acquisition formally took place in March for $71.3 billion.<\/p>\n

Genting had claimed it spent $750 million on theme park construction only to have Fox pull out of the agreement. It was reported Fox officials changed their minds on details spelled out in a 2013 licensing agreement because Disney executives did not want to hurt the company\u2019s image by association with gambling.<\/strong><\/p>\n

Disney also wanted Fox\u2019s brands for Disney\u2019s own theme parks, news reports said. Disney<\/a> owns such globally-recognized theme parks as Walt Disney World Resort, Disneyland Resort, and Disneyland Paris.<\/p>\n

No Formal Opening Date<\/h2>\n

Genting has yet to announce an opening date for the new theme park. GGRAsia<\/em> reported the park could open as early as the first quarter of 2020.<\/p>\n

Maybank Investment Bank is predicting an early 2020 opening since the company is recruiting employees. Genting had said there would be six to nine months between hiring employees and opening the park.<\/p>\n

In a recent note quoted by GGRAsia<\/em>, Maybank said the outdoor theme park \u201ccould be opening\u2026 a lot earlier than we expected.” Maybank previously predicted the theme park would open in the first quarter of 2021.<\/p>\n

The park initially was scheduled to open in 2016. That opening date kept changing.<\/p>\n

\n

The building of the theme park also may be close to completion. “We understand that construction of the outdoor theme park was approximately 95 percent completed as at July 2019,” a Maybank analyst said in a recent memo.<\/p>\n<\/div>\n

Financial Impact from Legal Dispute<\/h2>\n

The dispute over the theme park impacted company finances, Genting claimed. Profit at Genting Malaysia Berhad<\/a> dropped over 25 percent in the first quarter, with company officials highlighting that results were impacted by the delayed park.<\/p>\n

The company saw $64 million in first-quarter profit in contrast to $85 million for the same quarter in 2018. Quarterly revenue was approximately $654 million compared to about $573 million in the same quarter last year.<\/p>\n

Genting Malaysia owns and operates multibillion-dollar integrated resorts. Beyond Malaysia, they are also located in Singapore, the United States, and South Korea.<\/p>\n","protected":false},"excerpt":{"rendered":"

A delayed theme park at Malaysia\u2019s Resorts World Genting casino could open as early as next year after Genting Malaysia Berhad recently settled lawsuits in a licensing dispute involving 21st Century Fox and the Walt Disney Company. Located near Kuala Lumpur — the planned outdoor park was initially known as 20th Century Fox World. It […]<\/p>\n","protected":false},"author":44,"featured_media":110529,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810,18],"tags":[],"acf":[],"yoast_head":"\nResorts World Genting Malaysia Theme Park Projected to Open Next Year<\/title>\n<meta name=\"description\" content=\"A delayed outdoor theme park at Malaysia\u2019s Resorts World Genting casino is back on track after Genting settled lawsuits with 21st Century Fox and Disney.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Resorts World Genting Malaysia Theme Park Projected to Open Next Year\" \/>\n<meta property=\"og:description\" content=\"A delayed outdoor theme park at Malaysia\u2019s Resorts World Genting casino is back on track after Genting settled lawsuits with 21st Century Fox and Disney.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/resorts-world-genting-malaysia-theme-park-projected-to-open-next-year\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-29T15:04:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-07-30T12:48:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/07\/Lim-Kok-Thay1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"850\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ed Silverstein\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgedsilv\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ed Silverstein\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/resorts-world-genting-malaysia-theme-park-projected-to-open-next-year\/\",\"url\":\"https:\/\/www.casino.org\/news\/resorts-world-genting-malaysia-theme-park-projected-to-open-next-year\/\",\"name\":\"Resorts World Genting Malaysia Theme Park Projected to Open Next Year\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/resorts-world-genting-malaysia-theme-park-projected-to-open-next-year\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/resorts-world-genting-malaysia-theme-park-projected-to-open-next-year\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/07\/Lim-Kok-Thay1.jpg\",\"datePublished\":\"2019-07-29T15:04:12+00:00\",\"dateModified\":\"2019-07-30T12:48:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/b3771b02527bcbda9af984b9b1ff098e\"},\"description\":\"A delayed outdoor theme park at Malaysia\u2019s Resorts World Genting casino is back on track after Genting settled lawsuits with 21st Century Fox and Disney.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/resorts-world-genting-malaysia-theme-park-projected-to-open-next-year\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/resorts-world-genting-malaysia-theme-park-projected-to-open-next-year\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/resorts-world-genting-malaysia-theme-park-projected-to-open-next-year\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/07\/Lim-Kok-Thay1.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/07\/Lim-Kok-Thay1.jpg\",\"width\":1200,\"height\":850},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/resorts-world-genting-malaysia-theme-park-projected-to-open-next-year\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gaming Business\",\"item\":\"https:\/\/www.casino.org\/news\/gaming-business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Resorts World Genting Malaysia Theme Park Projected to Open in 2020 After Legal Battle\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/b3771b02527bcbda9af984b9b1ff098e\",\"name\":\"Ed Silverstein\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-6-1-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-6-1-96x96.png\",\"caption\":\"Ed Silverstein\"},\"description\":\"Ed Silverstein is a senior reporter covering gambling law and crime news for Casino.org. Ed is an award-winning journalist with credits ranging from the Associated Press to American Lawyer Media. Ed joined the Casino.org news team in 2019 after decades of experience in legal reporting. His past reporting and editing assignments include Cowles Business Media, Columbia University Press, the Connecticut Post, and Southern Connecticut Newspapers, Inc. Besides the law and its application to the gaming industry, Ed\u2019s areas of expertise span business, politics, education, and state and local government. Ed holds an undergraduate degree from the University of Connecticut and master\u2019s degrees from Harvard and Yale. His professional awards include recognition from the New England Press Association and New England AP News Executives. Ed currently resides in Connecticut, where he enjoys photography and bowling in his spare time. Contact Ed at ed.silverstein@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/ed-silverstein\",\"https:\/\/x.com\/casinoorgedsilv\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/ed-silverstein\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Resorts World Genting Malaysia Theme Park Projected to Open Next Year","description":"A delayed outdoor theme park at Malaysia\u2019s Resorts World Genting casino is back on track after Genting settled lawsuits with 21st Century Fox and Disney.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Resorts World Genting Malaysia Theme Park Projected to Open Next Year","og_description":"A delayed outdoor theme park at Malaysia\u2019s Resorts World Genting casino is back on track after Genting settled lawsuits with 21st Century Fox and Disney.","og_url":"https:\/\/www.casino.org\/news\/resorts-world-genting-malaysia-theme-park-projected-to-open-next-year\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2019-07-29T15:04:12+00:00","article_modified_time":"2019-07-30T12:48:36+00:00","og_image":[{"width":1200,"height":850,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/07\/Lim-Kok-Thay1.jpg","type":"image\/jpeg"}],"author":"Ed Silverstein","twitter_card":"summary_large_image","twitter_creator":"@casinoorgedsilv","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Ed Silverstein","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/resorts-world-genting-malaysia-theme-park-projected-to-open-next-year\/","url":"https:\/\/www.casino.org\/news\/resorts-world-genting-malaysia-theme-park-projected-to-open-next-year\/","name":"Resorts World Genting Malaysia Theme Park Projected to Open Next Year","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/resorts-world-genting-malaysia-theme-park-projected-to-open-next-year\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/resorts-world-genting-malaysia-theme-park-projected-to-open-next-year\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/07\/Lim-Kok-Thay1.jpg","datePublished":"2019-07-29T15:04:12+00:00","dateModified":"2019-07-30T12:48:36+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/b3771b02527bcbda9af984b9b1ff098e"},"description":"A delayed outdoor theme park at Malaysia\u2019s Resorts World Genting casino is back on track after Genting settled lawsuits with 21st Century Fox and Disney.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/resorts-world-genting-malaysia-theme-park-projected-to-open-next-year\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/resorts-world-genting-malaysia-theme-park-projected-to-open-next-year\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/resorts-world-genting-malaysia-theme-park-projected-to-open-next-year\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/07\/Lim-Kok-Thay1.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/07\/Lim-Kok-Thay1.jpg","width":1200,"height":850},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/resorts-world-genting-malaysia-theme-park-projected-to-open-next-year\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Gaming Business","item":"https:\/\/www.casino.org\/news\/gaming-business\/"},{"@type":"ListItem","position":3,"name":"Resorts World Genting Malaysia Theme Park Projected to Open in 2020 After Legal Battle"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/b3771b02527bcbda9af984b9b1ff098e","name":"Ed Silverstein","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-6-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-6-1-96x96.png","caption":"Ed Silverstein"},"description":"Ed Silverstein is a senior reporter covering gambling law and crime news for Casino.org. Ed is an award-winning journalist with credits ranging from the Associated Press to American Lawyer Media. Ed joined the Casino.org news team in 2019 after decades of experience in legal reporting. His past reporting and editing assignments include Cowles Business Media, Columbia University Press, the Connecticut Post, and Southern Connecticut Newspapers, Inc. Besides the law and its application to the gaming industry, Ed\u2019s areas of expertise span business, politics, education, and state and local government. Ed holds an undergraduate degree from the University of Connecticut and master\u2019s degrees from Harvard and Yale. His professional awards include recognition from the New England Press Association and New England AP News Executives. Ed currently resides in Connecticut, where he enjoys photography and bowling in his spare time. Contact Ed at ed.silverstein@casino.org.","sameAs":["https:\/\/muckrack.com\/ed-silverstein","https:\/\/x.com\/casinoorgedsilv"],"url":"https:\/\/www.casino.org\/news\/author\/ed-silverstein\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/110503"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=110503"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/110503\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/110529"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=110503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=110503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=110503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}