Monday, May 27, 2019

Malaysia

Genting Malaysia Q1 profit hit by lower gaming volume

Genting Malaysia reported a decline in net profit during the first quarter of 2019, falling 26 percent to RM253.1 million (US$60.4 million). Genting Malaysia...

Travellers Q1 revenue rises, though net profit drops on higher expenses

Travellers International Hotel Group reported a 46.5 percent gain in net revenue for Q1, helped by gaming and non-gaming activities, though net profit fell as costs rose.

Genting Malaysia results could be better than expected: RHB

RHB Research is optimistic over Genting Malaysia Bhd’s upcoming 19Q1 results, with expectations that the results will help dispel uncertainty over the impact of...

RGB to expand gaming machine concession business

Malaysian gaming supplier RGB International is looking to expand its gaming machine concession business overseas, despite putting its capital-raising plan on hold, local media...

Genting cautious about year ahead, committed to theme park

Genting Malaysia Chairman and CEO Tan Sri Lim Kok Thay said the group is cautious about the opportunities in the year ahead, but remains committed to developing an outdoor theme park that has been bogged down by legal issues.

Genting Malaysia buys 1MDB-tied superyacht

Malaysia-owned super-yacht “The Equanimity” has been sold to Genting Malaysia Bhd for $126 million, after a five-month sale period, local media reports. The superyacht was...

New openings drive Genting gaming volume: RHB

The rollout of new facilities at Resorts World Genting has helped to boost gaming volumes in Q1 and the operator is well placed to...

Malaysia illegal lottery revenue tops legal operators

Malaysia’s illegal lottery business is generating about 60 percent more revenue than the six legal operators combined, local media reports. While the six collectively...

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...

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