Genting Casinos UK Limited Considering Permanent Closure of Three Casinos

0
72
Genting Casinos UK Limited Considering Permanent Closure of Three Casinos
Three properties won't be opening while job losses are present at all 32 locations owned by Genting

In the UK, three casino properties owned and managed by Genting Casinos UK Limited will remain closed even after the UK government lifts operating restrictions. According to the company’s officials, the three properties to remain closed include Margate, Bristol, and Torquay.

While many of the UK-based casinos look forward to resuming their operations after many weeks of being closed due to the ongoing coronavirus pandemic, Genting Casinos UK Limited which is the subsidiary of Genting Malaysia Berhad is dealing with emerging challenges caused by the pandemic. While the company is considering temporarily shutting down operations at its three UK venues, job losses across all of its thirty-two casinos are expected.

The subsidiary of the leading Asian casino operator, Genting Malaysia Berhad has written to all of its employees outlining the firm’s future business plans as it greatly struggles to reduce losses which are mainly caused by being forced to close its UK properties.

Details About Genting Group

The publicly-traded Genting Group is a firm based in Kuala Lumpur, Malaysia. Today, the Genting Group comprises of its Genting Berhad holding company as well as its subsidiaries including Genting Energy Limited, Genting Singapore Plc, and Genting Malaysia Berhad. Established back in the 19060s the company is led by Lim Kok Thay who joined the Genting team ten years after its establishment.

Since its beginnings, the Genting Group had accumulated over fifty-two years of expertise in operating, developing, and marketing fully integrated casino resorts and casinos across the world, from Australia and the Americas to the Philippines, the UK, Malaysia, and Singapore. Over the years, the company has also expanded its hospitality and leisure activities into other industries including e-commerce, biotechnology, information technology, power generation, and more.

As estimated in December of 2010, the Genting Group or more specifically its UK-based subsidiary owns the most casino properties across the nation including Maxims Casino in Southend, Genting Casino Queen Square in Liverpool, Genting Casino in Manchester, Genting Chinatown Casino in London, Genting Casino in Reading, Genting Casino Terminus Terrace in Southampton and many other iconic venues of this kind.

Consultation with the General Trade Union

When it comes to Genting Casinos UK Limited’s struggles related to the ongoing coronavirus pandemic, the company’s officials have consulted with the general trade union based in the United Kingdom for hospitality and leisure workers. Representing these works is the General, Municipal and Boilermakers trade union which has warned the public that proposals to permanently shutter Genting Casinos UK Limited’s properties are just the beginning.

According to the general trade union’s officials, the hospitality and leisure sector in the United Kingdom has already reached its breaking point. The operator has revealed that its Plymouth Casino will probably remain open, but job losses are expected, Employees at the property located at 2 Union Street are also on leave of absence via the nation’s Job Retention Scheme.

While the number of employees at each Genting Casinos UK Limited’s casino is not known, the Plymouth casino venue employs at least seven General, Municipal, Boilermakers members while several are also employed by the Torquay facility. Amid growing financial difficulties and other struggles, Genting Casinos UK limited has been consulting with the general trade union about the potential workforce reductions which according to the company’s officials are necessary to stay afloat.

In the meantime, at the two casino properties located in the Devon county, employees have been notified that widespread job losses are expected as the ongoing coronavirus pandemic has caused a negative financial impact on the company’s business.

Leave a Reply

avatar
  Subscribe  
Notify of