Tag Archives: Malaysia
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…
Malaysia – Genting Malaysia doubles its net profit in the first quarter
Genting Malaysia has seen its net profits more than double the first quarter of 2017 with revenues of RM2,223.8m. The Malaysian leisure and hospitality business recorded higher revenue in 1Q17 mainly contributed by a better hold percentage for the mid to premium segment of the business even though business volumes were lower. Whilst the Genting…
Malaysia – Podiumspot Capital to build largest casino cruise in the world
Malaysian company Podiumspot Capital Group has started work on what it says will be the world’s largest casino cruise ship, called the Crusino. It is expected to take three years to build. Crusino will measures 295m in length and 36m in width and will accommodate up to 3,200 passengers. T. Leonard, the CEO of Podiumspot…
Malaysia – Tan to challenge Genting’s Malaysian monopoly
Berjaya Group Founder Tan Sri Vincent Tan is considering making a fresh attempt to end the monopoly of Genting Malaysia Bhd by applying for a licence to run a casino in Malaysia. Mr. Tan believes Malaysia should have more than one casino operator. He tried and failed to bring gaming to his resort at Berjaya…
Malaysia – Resorts World Genting Malaysia could get more tables
Genting Malaysia has said that whilst its RM10bn (€2.2bn) tourism plan for its highlands resort in Malaysia won’t see an expansion in terms of the space used for its gaming floor, it could involve additional gaming spaces. The Genting Integrated Tourism Plan (GITP) is a 10-year blue print, launched in December 2013, to redevelop Resorts…
Malaysia – Intralot extends lottery agreement in Malaysia
Intralot has signed an extension of its agreement with Magnum Corporation Sdn. Berhad, a leading gaming company in Malaysia, for a further seven years with an option of extending it for another two years. The agreement concerns the procurement, installation and support of an advanced, integrated lottery system to support up to 2,450 gaming terminals,…
Malaysia – Johor Minister denies reports of hosting Malaysia’s second casino
Despite rumours of a second casino in Malaysia gaining in strength in the local media, Malaysian politicians have issued a firm denial regarding the speculation. The media has speculated that a growing number of sources are pointing to a second casino development in Danga Bay in the region of Johor Baru. Datuk Seri Mohamed Khaled…
Malaysia – Resorts World Genting facing tax hike
Resorts World Genting, previously known as Genting Highlands, Genting’s original mountain top- resort casino could be facing a tax hike on its profits in the upcoming Budget 2014. It would mark the first time that the Government has revised gaming taxation since 1998 when it increased what it took from 22 per cent to 25 per…
Malaysia – Slur on Genting Highlands is politically motivated
Suggestions that Genting Highlands in Malaysia should be closed down due to the social problems that one politician is trying to associate with casino gaming have been slammed as an ‘attempt to fool the people’ to win political support. Former Melaka Chief Minister Datuk Seri Mohd Ali Rustam claimed that the casino was a source…
