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Genting Casinos to reopen next week: Misr Hotels

Genting Casinos to reopen next week: Misr Hotels

ArabFinance: Misr Hotels Company (MHOT) has amicably settled with Genting Casinos Limited which will reopen next week, according to the company’s statement filed to the Egyptian Exchange.

On September 30th, the extraordinary general meeting approved the amicable settlement with Genting Casinos.

Misr Hotel targeted net profit of EGP 87.28 million in FY 2020/2021, compared to EGP 70.05 million expected profit for FY2019/2020. 

Misr Hotels, a subsidiary of Holding Company for Tourism and Hotels, is an Egypt-based joint stock company engaged in tourism investment activities. The company focuses on hotel and tourism activities, including construction, purchase, and sale of hotels, resorts, casinos, restaurants, strips, and other tourist facilities.

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04 Oct 2021
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