Tuesday, July 23, 2019

Malaysia

Asian online market evolves but slowly

The conditions prevalent in the markets of East Asia mean the evolution of a more recreational online player base is following a different path to how it occurred in Europe and suppliers need to be aware of changing patterns of behaviour.

Cambodia casino growth a threat to Genting Malaysia

Cambodia’s growing casino and tourism industry could pose a challenge to Genting’s Malaysia operations, according to a note from JP Morgan analysts.  In a recent...

Genting Malaysia seeks cost cuts to offset tax upsets

Genting Malaysia has been forced into cost cutting mode to offset the negative impact of recent tax rulings, though analysts still expect 2019 to be another tough year for the country’s only operator.

Malaysia to draft laws to better police online gambling

The Malaysian government is looking to amend the country’s laws on gambling to include online gambling, local media reports.  Home Minister Muhyiddin Yassin said that...

Casino tax hike not as bad as expected, say analysts

Shares in Genting Bhd and Genting Malaysia rebounded sharply upwards following the release of their 2019 first-quarter earnings, showing the impact of the casino...

Operations not affected by escalator fire: Genting

Operations will continue as usual at Resorts World Genting, despite a fire breaking out at an escalator in the property on Monday. According to a...

Cops barred from gambling and entertainment outlets

Inspector-General of Police Abdul Hamid Bador has barred policemen from entering any entertainment and gaming outlets, in efforts to prevent police corruption, local media...

Malaysia arrests 14,759 year-to-date for illegal gambling

Malaysian police are continuing their crackdown on illegal gambling, arresting 14,759 individuals and seizing RM3.8 million ($917,000) in cash and 10,361 pieces of equipment from January to end June, local media reports.

Genting Malaysia drops GITP tax exemption fight

Genting Malaysia Bhd has withdrawn its application for a judicial review against the Ministry of Finance's (MOF) decision to amend a tax incentive in...

Genting chairman takes 20 percent pay cut

Genting Malaysia Chairman Tan Sri Lim Kok Thay has said he will take a 20 percent pay cut to mitigate the impact of the tax increases imposed in last year’s budget.

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Cambodia casino growth a threat to Genting Malaysia

Cambodia’s growing casino and tourism industry could pose a challenge to Genting’s Malaysia operations, according to a note from JP Morgan analysts.  In a recent...