Malaysia

At least one investment Bank is understood to have pitched Malaysia’s Genting Group on a potential block trade of its stake in Star Entertainment Group this week.

Over 70 individuals were arrested last week following a series of raids throughout Borneo, targeting illegal gambling premises and illegal character lottery.

Casino operator Genting Malaysia has reported solid performance in the second quarter of 2016, helped by strong results in its UK casino operations, according to the firm’s announcement on Thursday.

The recent European Championships saw a dramatic increase in betting volumes across Asia, but also raised a series of questions for both operators and suppliers as to how best to serve sports bettors in the region.

The recent European Championships saw a dramatic increase in betting volumes across Asia, but also raised a series of questions for both operators and suppliers as to how best to serve sports bettors in the region. Experts say volumes were up about 50 percent on the prior tournament in 2012 and European sports book operators are pushing hard to expand the range of bets on offer.



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Genting Malaysia, the country’s only casino operator, is ramping up preparation works as it prepares to begin rolling out the frst stages of its RM10.38 billion ($2.46 billion) Genting Integrated Tourism Plan for the second half of this year.

Genting Malaysia wants to transfer boat-slip permits from properties on the Miami River to the casino operator’s waterfront site, which has been earmarked for a 50-yacht marina.

Genting Malaysia, the country’s only casino operator, is ramping up preparation works as it prepares to begin rolling out the first stages of its RM10.38 billion ($2.46 billion) Genting Integrated Tourism Plan in the second half of this year.

 

Genting Malaysia, the country’s only casino operator, is ramping up preparation works as it prepares to begin rolling out the first stages of its RM10.38 billion ($2.46 billion) Genting Integrated Tourism Plan in the second half of this year. The company, which has said that it expects the economic environment to be challenging in 2016, is forecast to open its Sky Avenue & Sky Plaza shopping malls, and a new cable car station progressively by the end of the year.



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Fitch Ratings has affirmed Genting Berhad’s Long-Term Foreign-Currency Issuer Default Rating (IDR) and unsecured rating at ‘A-’, according to a press release.

Malaysian conglomerate Berjaya Corp Bhd (BCorp) has reported widened losses to RM368.9 million (US$92.5 million) for the fourth quarter ending April 30, 2016.

Genting Malaysia earnings will see limited impact from oversupply in the region, as earnings have traditionally been driven by mass players, said Morgan Stanley in a note last week.

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