Tag Archives: Malaysia
Malaysia – New Business Development Manager for ITL in South East Asia
Innovative Technology (ITL) are delighted to welcome Kravitz Liew as Business Development Manager for Southeast Asia. Mr. Liew will be based in Malaysia and is responsible for all ITL sales activities in the growing SE Asia region. Welcoming Mr. Liew to the organisation, Marcus Tiedt, Sales & Marketing Director for ITL said, “Kravitz joined us…
Malaysia – LeTou sign partnership agreement with esports company Fnatic
Asian gambling company LeTou have signed a partnership agreement with esports giant Fnatic to support their Dota 2 team based out of Kuala Lumpur. LeTou will serve as the main sponsor of the Fnatic team for Dota 2, the multiplayer online battle arena game that sees teams compete against each other in a fantasy environment….
Malaysia – Troubled year for Genting Malaysia ends in first loss since 2000
With the cost of a failed partnership in Massachusetts coupled with falling revenues in Malaysia, the US, Bahamas, UK and Egypt weighing heavily on Genting Malaysia’s financial year, it was left to tax wrote-backs in Malaysia to save the operator’s year. It was the first time the mountain operator had posted a loss since 2000….
Malaysia – Genting suing Walt Disney and Twenty-First Century Fox for $1bn
Malaysian casino operator Genting Berhad is suing Walt Disney and Twenty-First Century Fox for US$1bn for the cancellation of a Memorandum of Agreement for the ‘Fox World’ theme park that is currently being built. The contract was signed in 2013, long before Disney’s proposed buy-out of Fox had surfaced. That deal is due to be…
Malaysia – Nomura fears tax dent in Genting’s EBIDTA could reach US$168m
Brokerage firm Nomura has slammed the Malaysian government’s decision to increase taxation for its only casino Resorts World by ten per cent, double what the market was expecting. It said the increase would ‘diminish the investment appeal of the gaming sector.’ It said: “Given Genting Malaysia’s share price correction of nine per cent since the…
Malaysia – Genting Malaysia’s shares tumble following announcement of tax increase
Genting Malaysia has seen its stock suffer its worst one-day fall following a government announcement that casinos’ annual fees and duties on gross income will be increased. Genting, operator of the Resorts World Casino in Malaysia, fell by as 30 per cent with its parent company Genting Bhd. Plummeting by 12 per cent. Malaysian Finance…
Malaysia – Scout and Bravio to tailor DFS platform for Malaysia
Scout Gaming Group and Bravio Technologies have set their sights on Malaysia with a deal involving Scout’s Daily Fantasy Sports platform. By entering into this agreement, the Scout Gaming platform including Daily Fantasy Sports and Pooled Betting games will become available to mobile phone subscribers throughout the Pan-Asian region. Initially, a Free-2-Play Tipping game will…
Malaysia – Malaysia and Singapore show impressive growth for Genting
Gross Gaming Revenue at Malaysia’s Resorts World Genting (RWG) has increased by 19 per cent, reaching RM1.6bn in the first quarter of 2018, according to its owners Genting. The operator has also seen impressive gains at its Resorts World Sentosa (RWS) in Singapore with revenues there up to RM2bn for the first three months of…
South-East Asia – Mass market to drive Macau, Singapore and Malaysia
Fitch ratings believes that Chinese tourism will continue to drive the mass market in South East Asia with high single digit growth predicted for Macau in 2018. Alex Bumazhny, Senior Director at Fitch said: “Fitch believes Chinese tourism expenditure is a key driver of gaming performance in Southeast Asia. Chinese visitors were the largest segment…
