Malaysia

 

Illegal lotteries, or numbers games, in Kelantan state are generating an estimated 140 million-150 million ringgit ($44 million-$47 million) a month in revenue according to an investigation by the pro-government New Straits Times. Gambling is banned in the state which is controlled by the opposition Pan Malaysian Islamic Party, or Pas.

 

Police arrested four men allegedly operating illegal gambling machines at three sites in two Sabah towns. The police seized 34 computers in the raids in Keningau and Tambunan. If convicted, the men would be fined 10,000 to 100,000 ringgit ($3,200-$32,000) for each machine and sentenced to up to five yars in prison.

 

The Genting Group could be in for an event-driven year according to CIMB Research. The research firm believes the Group is in expansion mode empowered by its USD $7.56 billion in unencumbered cash and consolidated balance sheet.

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