Malaysia

Shares in London-listed Playtech plunged in Thursday trading after the group warned that the ongoing crackdown on illegal gaming in Asia continues to affect profit.

The $1.2 billion Resorts World Catskills opened its doors on February 8, expanding the Genting brand in the U.S., even though the Malaysian company missed out on a license for its own property in New York State.

 

The $1.2 billion Resorts World Catskills opened its doors on February 8, expanding the Genting brand in the U.S., even though the Malaysian company missed out on a license for its own property in New York State. The project, which is the biggest of four new resorts in the upstate area, will be the first IR in the U.S. to carry the Genting name. The company has been pushing hard to penetrate the North American market, though with mixed results.



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With the GITP expansion plan expected to start bearing fruit this year, 2018 should be a strong year for Genting Malaysia Bhd, say analysts.

RGB International Bhd says it is expecting its turnover to increase by RM50 million this year as a result of a number of concessions and leasing deals secured over the last two years.

Berjaya Sports Toto said Q2 revenue fell almost 5 percent, dragged down by a weak performance at its H.R. Owen car sales unit and International Lottery & Totalizator Systems business.

Malaysia’s Resorts World Genting will open a Zouk Genting nightclub in January as part of its ongoing efforts to revamp the resort and improve its entertainment offerings.

Resorts World Genting is expecting the opening of the Twentieth Century Fox World theme park to drive up the number of Indian visitors to the resort.

Malaysian company MQ Technology Bhd is seeking shareholder approval to diversify into gaming related businesses, according to a recent filing to Bursa Malaysia.

Casino supplier RGB International saw its 17Q3 revenue drop 35.2 percent, while profit remained flat year-on-year.

Malaysia has launched a major crackdown on illegal gambling and this time says it will stamp out the practice for good, though some observers are less optimistic.

 

Malaysia has launched a major crackdown on illegal gambling and this time says it will stamp out the practice for good, though some observers are less optimistic. They say without changes to the law to specifically target online activities, stamping out the problem may be a tough call.

 



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