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, 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.
Mediatech Solutions, a product and services provider that supports their clients through technology products, enterprise consulting and professional and operational services, will be showcasing CANDY at ICE 2016.
A 24-year-old Malaysian man accused of stealing a casino patron’s bag containing S$900,000 (US$625,784) worth of casino chips at Singapore’s Marina Bay Sands last year has been arrested, local media reports.
Jackson Yeoh, the accused, was arrested by the Royal Malaysian Police and handed over to Singapore authorities on Jan. 20.
He will be remanded for a week as investigations continue, and return to court on Jan. 28.
If convicted, Yeoh could be fined, or jailed for up to three years, or a combination of the two.