Malaysia

 

Genting Group plans to invest roughly M$3 billion ($965 million) to renovate its flagship Resorts World Genting casino resort in Genting Highlands. The resort is expected to add hotel rooms, tables and stores.

 

 

Police arrested 52 people for illegal gambling at an alleged den in a house in Sungai Petani in Kedah state. Those arrested included 47 men and five women.

 

 

Police raided an internet cafe in Kuching and arrested the person in charge and six customers for illegal gambling and seized more than 10 computers.

 

 

Genting Bhd reported a 22 percent decline in pre-tax profits to M$1.22 billion ($398 million) in the first quarter from a year earlier for its leisure and hospitality business, led by its casinos. Revenues for the business slipped 7 percent to M$3.5 billion.

 

Profits for Multi-Purpose Holdings Bhd's gaming business rose 49.8 percent to M$148.4 million ($48.9 million) on lower prize payouts and reduced finance costs. Gaming revenues rose 0.8 percent to M$847 million. The company, which operates a four-digit lottery game, is proceeding with plans to spin-off its non-gaming assets.

 

 

Two men in Kota Kinabalu were fined M$1,000 ($326) each for possession of gambling materials. Khoo Teo Mui and Kok Jun Haw were arrested carrying papers with four-digit numbers and books listing the numbers and pleaded guilty in court.

 

 

The Football Association of Malaysia is investigating several Malaysia League matches for alleged match fixing. The league has faced a series of scandals and some local reports have said players received death threats from bookies if they did not cooperate with fixing matches.

 

 

Rank Group Plc, controlled by Guoco Group Ltd., completed its takeover of Gala Casinos Ltd. to make it the leading operator of casinos by number in the UK, overtaking fellow Malaysia-based Genting Group. The company, though, said that poor weather and a lower than normal win rate in London would result in a small fall in annual profit.

 

 

Multi-Purpose Holdings Bhd said it expected to spin off its non-gaming assets into a new listing by June 25. The spinoff of the hotel, property and financial services businesses will leave the company focused on Magnum Corp., which operates a four-number lottery with close to 500 sales outlets.

 

 

Guoco Group's UK-based Rank Group PLC unit sold key assets of its online sports betting business Blue Square to rival Betfair for £5 million ($7.6 million). The deal ncludes Blue Square's customer database and will result in customers being redirected to Betfair automatically.

 

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