Thursday, April 25, 2024

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Malaysia in talks with Berjaya and Genting over potential casino in Forest City

Malaysia is currently in talks with Berjaya and Genting Group to potentially open a casino in Forest City, in Johor, known as the nation’s ‘ghost city’.

Berjaya Assets sued for pulling out of lottery company acquisition deal

Berjaya Assets Bhd is being sued for RM97.6 million (US$23.3 million) for pulling out of an agreement in 2020 to acquire the remaining stake in a gaming firm that operates number forecast lotteries in Sarawak. 

Berjaya Sports 4Q revenue jumps 137.2% on more draws

Malaysia’s Berjaya Sports Toto said revenue in 4Q21 ending June 30th jumped 137.2 percent, helped by an increased number of draws for its Sports...

Berjaya to sell Sports Toto business in corporate overhaul

Malaysia's diversified Berjaya Corp. said it plans to sell its Berjaya Sports Toto number forecasting business as part of a corporate overhaul. 

Berjaya CEO buys stake, plans to restructure group

Berjaya Group's new CEO Abdul Jalil bin Abdul Rasheed has bought 70 million shares in the company at 28 sen a share and plans to restructure the Malaysian group whose interests span from gaming through to hotels, insurance and cars.

Daily Asia Gaming eBrief: Multi-entry visa policy for Macau-Hengqin challenges hotels

Group tour operators are bound to be rejoicing over the recent news that Macau and Hengqin are set to establish a multi-entry visa policy between the territories. According to insiders, the scheme could cause a loss to Macau hotel operations, with cheaper options right across the border.

Your Daily Asia Gaming eBrief: Internet gateway plans another blow for Cambodia online operators

Cambodia has put its plans for a national internet gateway to control all traffic in and out of the country on hold, but the project is not likely to be abandoned altogether.

Genting theme park opening completes revamp, to drive visitation

Genting Malaysia’s long-awaited outdoor theme park is likely to open late in the fourth quarter, providing a boost to the company’s recovery prospects.

Your Daily Asia Gaming eBrief: What’s driving change in Macau’s visitor profile?

There has been a disconnect between the number of incoming tourists and gross gambling revenue, signaling a changing demographic amongst the Mainland Chinese visitor to Macau, says Ben Lee, managing partner of iGamiX Management and Consulting.

Genting Malaysia reopening likely “imminent” : UOB Kay Hian

Genting Malaysia has not yet reopened its casinos, but the permission is expected to be “imminent,” local brokerage house UOB Kay Hian wrote in a note.