Thursday, October 22, 2020

Malaysia

gambling chips

Asia turns up heat on online gambling

Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.

Malaysian government losing US$725 million a year to illegal syndicates

The Malaysian government is losing up to MYR3 billion a year in revenue as illegal gambling syndicates take an ever growing amount of business away from legal number forecast operators.

Chinese arrested for operating online gambling in Malaysia

Forty-eight China nationals suspected of operating online gambling from three condominium units in Kuala Lumpur were arrested on October 16.

No new casino taxes seen in Malaysia

The Malaysian government is unlikely to further hike casino taxes, as they are already among the highest in the region and the country's only operator, Genting Malaysia, is suffering from the impact of Covid-19, RHB says.

Online gambling suspect slips Malaysia police custody

Police have launched a manhunt for a suspect in an online gambling syndicate who escaped custody by climbing over the fence at the Malaysian Anti-Corruption Commission headquarters.

Resorts World Genting open, but monitoring latest outbreak

Resorts World Genting says it plans to remain open for now, but is closely monitoring the situation after the government imposed conditional movement control orders on Selangor, Kuala Lumpur and Putrajaya due to Covid-19. The areas are under restrictions from Oct. 14 to 27.

Hyatt hotel planned for Resorts World NYC

Hyatt Hotels and Genting Americas are planning a new 400-room, four-star hotel to be located at Resorts World New York City. The hotel is scheduled to open in 2021.

Thailand, Malaysia step up anti-online gambling efforts

Thailand’s anti-online gambling efforts continue to show results, while Malaysia’s crackdowns keep exposing crooked cops.
Genting Building

Little upside seen for Genting group stock

There’s little current upside seen for the stock price of the sprawling Genting Group empire, with both the parent company and its Genting Malaysia unit at risk of losing their place on the benchmark FBM KLCI index.

Police officers facing arrest in Malaysian gambling syndicate probe

Police officers may be facing arrest for protecting an illegal gambling syndicate in Malaysia.

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