Malaysia

Interblock has recently completed the installation of a 50-seat Stadium at Sky Casino, a new casino to Resorts World Genting Malaysia scheduled to open on February 28.

Genting Bhd, the Malaysian conglomerate that controls the country’s only casino operator, as well as Genting Singapore and properties in the U.S., Bahamas and the U.K., offers a good value entry point to Association of Southeast Asian Nation gaming markets, CLSA notes.

The island of Penang is set to enforce a ban on all gaming simulators by the end of 2018.

Genting Malaysia saw its net profit increase four-fold to RM1.7 billion (US$382.8 million) in the fourth quarter ended Dec. 31, 2016, compared to RM 338.6 million in 15Q4.

Casinos across Asia must find a way to balance innovative new payment solutions with a labyrinth of multi-jurisdictional AML, compliance and responsible gaming requirements, according to a number of industry insiders.

 

 

Casinos across Asia must find a way to balance innovative new payment solutions with a labyrinth of multi-jurisdictional AML, compliance and responsible gaming requirements, according to a number of industry insiders. One supplier told AGB on condition of anonymity that innovation in the payments space "remains a thorny issue", adding that while operators don’t want to lose customers, the need to adhere to strict AML requirements tends to take precedence.



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Assertions that Malaysia is now Southeast Asia’s epicenter for match fixing didn’t go down well with the country’s authorities. But just how accurate are these claims and why do so many fixes emanate from this part of the continent?

Fitch Ratings has assigned Genting Group’s GOHL Capital Ltd’s guaranteed notes a final ‘A-’ rating.

Malaysian investment holding company MQ Technology Bhd has appointed a former Genting Hong Kong executive director to its board, a move benefitting the company’s recent diversification into the hospitality and entertainment industry.

Malaysian firm Podiumspot Capital Group is reportedly finalizing plans to build the world’s largest casino cruise ship, the Crusino.

 Assertions that Malaysia is now Southeast Asia’s epicenter for match fixing didn’t go down well with the country’s authorities. But just how accurate are these claims and why do so many fixes emanate from this part of the continent? It was during a forum on match fixing in Singapore that sports integrity consultant Chris Eaton ruffled a few feathers by suggesting Malaysia had supplanted Singapore as the fixing hub in Southeast Asia following a crackdown in the city-state. 

 



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