Malaysia

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.

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.

Malaysian police raided a counting center for an illegal 4-D betting syndicate operating in Jalan Abdullah Tahir in Malaysia over the weekend, according to local media.

Police raided a restaurant in at Taman Sri Dagang in Borneo earlier this week, arresting three, and seizing ten tablets used for online gambling, and cash amounting to RM 5,500. (US$1243.5), local media reports.

According to the head of the Criminal Investigation Department, Dev Kumar, customers who wished to gamble had to collect tablets at the restaurant counter and purchase prepaid coupons to access the gambling website.

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