Malaysia

Malaysia may follow in the footsteps of its southern neighbor Singapore in introducing tougher penalties for those involved in online gambling.

Illegal gambling operators in Malaysia may find themselves locked away for up to two years without trial, under a new proposal from Malaysian authorities.

Casino operator Genting Malaysia Bhd has declared a final single-tier dividend of RM 0.043 (US$0.01) per ordinary share for 2015.

Casino operator Genting Malaysia has proposed the renewal of a disposal mandate for its entire 16.87 stake in cruise operator and Philippines casino investor Genting Hong Kong Limited.

Malaysia’s only licensed casino operator, Genting Malaysia, is doubling down on its bet on the domestic market, despite a sluggish economy. Analysts say an investment plan to revamp facilities at its flagship Resorts World Genting will be the main catalyst for the stock performance. 

Genting Malaysia’s theme park, Twentieth Century Fox World Malaysia will not be completed before the end of 2017, says Japanese-brokerage Nomura.

A Malaysian man has been arrested for his suspected involvement in a case related to counterfeit casino chips, which was first reported in 2011.

A 24-year-old Malaysian man who was arrested for stealing almost SG$1 million worth of casino chips, along with car keys and cash, has been sentenced to 48 months’ jail, local media reports.

Genting Malaysia has doubled its planned investment to revamp facilities at its flagship Resorts World Genting property in the Genting Highlands.

Genting Malaysia, the country’s only casino operator, is expected to start seeing the fruits of its RM 5 billion revamp this year, though weak domestic consumption and falling tourism numbers may hold back growth.

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