Malaysia

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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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. 

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