Tuesday, March 19, 2019

Malaysia

Malaysia police bust online gambling syndicate

Malaysian police have broken up a Chinese gambling syndicate operating out of a luxury home in Selangor, according to local media reports. Police stormed the...

Asia finds its place in iGaming’s new world order

The global igaming industry has enjoyed significant regulatory breakthroughs around the world over the past year, but the emergence of a genuinely international sector...

China influence to define outlook in SE Asia

Regulatory risk, political uncertainty and exposure to a Chinese economic downturn will factor into the performance of casino sectors in Malaysia, Singapore and the...

Genting Malaysia swings to loss in 2018 on impairments

Genting Malaysia swung to a net loss of RM19.6 million (US$4.8 million) in the 2018 financial year, attributed mainly to an impairment loss of...

Police accused of going on “lavish” trip, sponsored by gaming firm

A Malaysian police delegation has come under fire for accepting a “lavish overseas trip” to Turkey, which was allegedly paid for by a private...

Judicial review application for GITP incentive scheme to be heard May 30

The High Court on Thursday confirmed for May 30 to hear Genting Malaysia’s application for a judicial review concerning a tax incentive scheme for...

Fox files counterclaim against GENM, seeks damages

The legal dispute between Genting Malaysia and Walt Disney’s Fox Entertainment Group has intensified after Fox filed a counterclaim seeking damages over an alleged...

RHB maintains ‘buy’ call on Genting

Malaysian brokerage RHB Research on Wednesday announced it is maintaining its “buy” call on Genting Singapore, due to its potential Japan expansion and its...

Genting theme park operational by 2020: Analysts

Analysts believe that Genting Malaysia’s theme park should be on operational by 2020, and believe the opening could boost visitation by up to 10...

Genting reshuffles management, appoints CEO’s son as deputy CEO

Genting Bhd has announced a series of changes to its management structure, including the appointment of Lim Keong Hui, the son of Chairman and CEO Tan Sri Lim Kok Thay as deputy CEO.

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Osaka Metro looks to Yumeshima IR for future revenue growth

The newly-privatized Osaka Metro, which operates the local subway system, sees the development of non-railway income, especially from Yumeshima, as the key driver for future revenue growth.

Quezon City vice mayor gets behind Bloomberry proposed casino

Quezon City Vice Mayor Joy Belmonte has placed her support behind the Bloomberry’s proposed QC casino, by passing a gambling ordinance that will allow...

Frontier Capital says has funds to restart Casablanca casino

Australia-listed Frontier Capital Group said it has the funds to satisfy the Philippine Amusement and Gaming Corp. requirements to restart operations of the Casablanca...

Networking and socials at ASEAN 2019

ASEAN Gaming Summit 2019 will feature not one, but five post-conference networking events over the three-day show, held from 19-21 March 2019 at Conrad Manila, Philippines. Added to...