Malaysia

The number of gaming companies forced to adopt security solutions to protect their networks will likely soar over the next three years as firms confront a growing number of internet attacks, with Asia likely to be at the forefront of the problem.

The number of gaming companies forced to adopt security solutions to protect their networks will likely soar over the next three years as firms confront a growing number of internet attacks, with Asia likely to be at the forefront of the problem.



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Berjaya Corp founder Tan Sri Vincent Tan may submit a fresh application for a license to operate a casino in Malaysia, breaking the monopoly of Genting Malaysia Bhd.

Genting Berhad saw its net profit rise 59.9 percent year-on-year to RM 577.21 million (US$129.9 million) in 16Q3, mainly due to lower net fair value loss on derivative financial instruments and lower impairment losses.

Malaysia’s only casino operator is getting set to roll out new attractions in a major revamp of its flagship property in the Genting Highlands, however, the group’s chairman is warning that it won’t include more room on the casino floor. 

The Malaysian government will not be legalizing sports betting despite claims that the country has become the ‘new center for match-fixing in Asia’.

Malaysia has overtaken Singapore as the new center for match-fixing in Asia following a crackdown in the city-state, according to FIFA's former security chief.

Genting Malaysia’s RM10 billion ($2.4 billion) expansion of its highlands resort will not include any increase of its net casino area, said chairman and chief executive Tan Sri Lim Kok Thay.

Malaysian authorities have noted that there are no plans to legalize online gambling, saying that the people have enough means to gamble as it is.

Penang Chief Minister Lim Guan Eng has criticized the Penang Front Party (PFP) for vowing to establish a casino in the state.

Genting Malaysia said it has sold its 16.87 percent stake in its sister company Genting Hong Kong for about $415 million.

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