Malaysia

Malaysian lottery operator Magnum reported a decrease in revenue for the fourth quarter last year and expects this year’s sales to be affected by weaker consumer spending.
For the last three months of 2014, the company reported revenue falling to MYR727.4 million ($195.8 million) from MYR741.2 million during the same period the year before, while profit rose from MYR52.7 million to MYR62 million.

Malaysian Home Minister Datuk Seri Ahmad Zahid Hamidi denied having links to "the biggest gambling taukeh (boss) in the world," Paul Phua, and that he has never made money from gambling.
"I know what is halal (legal) and haram (illegal). I have never made a single sen from gambling or illegal means," Zahid said during a speech at a university on crime in Malaysia, The Malaysian Insider reported.

The role gambling kingpin and alleged triad member Paul Phua has played in advising the Malaysian government on matters of national security cannot be revealed as it is “Top Secret,” a senior official said.
Minister in the Prime Minister’s Department Datuk Seri Shahidan Kassim told MP Lim Lip Eng that following the disclosure made by the Home Minister that Phua has assisted the government on certain matters, information related to his role cannot be divulged.

Malaysian police arrested a man and seized computers and cash after raiding his home on suspicions he was running a lucrative illegal international football betting operation.
According to a senior police official the 40-year-old suspect was arrested at his home in Kedah state while surfing the Internet for his full time online betting operation, which was generating up to MYR 1.2 million ($323,700) per day.

Genting Malaysia’s net profit dropped 22.6 percent in the fourth quarter last year to RM309.8 million ($85 million), after the company wrote off RM55.5 million due to the unsuccessful application of licenses in New York and higher pre-operating expenses.
The group’s profit before taxation fell 16 percent to RM368.4 million in the fourth quarter mainly due to failed license applications in New York; higher assets written off by RM27.3 million due to the expansion works for Genting Integrated Tourism Plan; and higher pre-operating expenses of RM9.5 million.

Paul Phua, the gambling kingpin on trial in the US, has given up his Malaysian citizenship to become a national of Montenegro.
Montenegrin media reported that Phua was recommended for citizenship by Prime Minister Milo Djukanovic after doing business with the country’s elite.
Citizenship was given “in the period from October 2013 to October 2014, at the personal suggestion of Montenegrin Prime Minister,” reported the Centre for Investigative Reporting Montenegro.

Genting’s ambitious overseas expansion plans are facing headwinds, hitting a snag in the U.S. and delays elsewhere, but analysts remain optimistic over the mid-term prospects for Malaysia’s only operator thanks to a US$1.4 billion plan to revamp its operations at home

Online betting exchanges CITIbet and AA-Star have come to the attention of racing authorities across the region, which see them as a threat to racing integrity and a drain on betting turnover

According to local Malaysian media citing police documents, gambling kingpin Paul Phua Wei-seng was arrested in Malaysia in 2004 and convicted for his involvement in an illegal betting scheme during the European Championship soccer tournament. Phua was slapped with a hefty fine and reportedly fled to Vietnam to escape people who lost money.

Malaysia’s Home Minister Datuk Seri Ahmad Zahid Hamidi has reportedly vouched for a Malaysian who is facing illegal bookmaking charges in Las Vegas, the South China Morning Post reported.
The minister reportedly sent a letter to the Federal Bureau of Investigation (FBI) in support of Paul Phua Wei Seng, who was arrested in Las Vegas in July.
"Phua is neither a member nor is he associated with the 14K Triad in Malaysia," Zahid said in the letter addressed to FBI deputy director Mark F. Giuliano.

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