Monday, November 18, 2019

Malaysia

Malaysian Islamic Party softens anti-gambling policies

The Malaysian state of Terengganu, governed by the Malaysian Islamic Party, is reportedly mulling a relaxation of its bans on gambling and alcohol in order to attract visits from cruise ships.

Genting Malaysia theme park seen opening in Q3/2020

Genting Malaysia is planning a soft opening of its theme park in Q3, 2020, though the park will be more expensive than anticipated.
Resorts World Catskills

Genting rejects Empire investor’s allegations

Genting Malaysia says a lawsuit filed by an investor against Empire Resorts is without merit.
Online gamer

Slow progress seen in Asian online gaming regulation

Asian governments are expected to eventually regulate online gaming, though lack of legislation is still a major factor holding back potential.

Malaysia budget ups gambling penalties

Malaysian Finance Minister Lim Guan Eng has introduced stiffer penalties for illegal gambling in the country’s annual budget.
Resorts World Catskills

Genting sued over Empire privatisation

Genting Malaysia is being sued by a minority shareholder of Empire Resorts who claims that the operator is undervaluing the U.S. company.
Resorts World Catskills

Genting U.S. expansion raises eyebrows

Genting Malaysia is pushing ahead with its overseas expansion plans, though analysts its acquisition of Empire Resorts will weigh on long-term earnings. 

Genting Malaysia posts Q2 profit

Analysts were pleasantly surprised by Genting Malaysia’s solid 19Q2 earnings but said the recent acquisition of Empire Resorts will weigh on long-term earnings. The casino...
Genting New York

Genting defends Empire acquisition

Genting Malaysia has issued a statement defending its proposed acquisition of Empire Resorts saying the combination is in the best interests of both companies’ shareholders.
Resorts World Genting

Genting settles lawsuit with Fox, Disney

Genting Malaysia said it has settled all legal proceedings with Fox Entertainment Group and its related companies and as a result will be permitted to use some Fox intellectual property in an outdoor theme park that is under development.

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