See how Marine Life Park's construction screwed Genting's new VIP products

The construction hindered Genting from aggressively pushing the new Equarius and Beach Villas.

According to Macquarie, in 2Q12, GENS started to incur a substantial portion of the daily operating costs for the Marine Park without any revenue benefit, depressing the margins. Hence, the opening of the Marine Park in 4Q12 should allow GENS to generate revenues and for margins to recover.

"The Marine Life Park should allow GENS to market the full capabilities of its resort facility to mass-market patrons. The construction on the West Zone and the Marine Life Park also meant that GENS was not able to push its new VIP hotel room capacity aggressively. We see this changing from 4Q12. For instance, at GENS’s VIP hotel product  (Equarius), 50% of patrons are non-gaming."