CIMB Group is a universal bank headquartered in Kuala Lumpur, operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank, the largest Asia Pacific (ex-Japan) based investment bank and one of the world’s largest Islamic banks.
The Macau government is planning to introduce a bill that would require visitors to disclose cash holdings of more than MOP 120,000 (US$15,000) at entry, local media reports. Executive Council spokesman Leong Heng Teng said the measure would help to prevent money-laundering activities in the city. He made the comments when introducing the bill at […]
Genting Malaysia’s 20th Century Fox theme park opening has been delayed until 2017, which is “a negative development” for the company, according to CIMB Research. CIMB Research said it organized a meeting with Genting Malaysia’s management and eight fund managers, which yielded both positive and negative surprises. “The 20th Century Fox theme park opening […]
Macau’s six casino operators will begin reporting Q2 results later this month, with analysts expecting a mixed bag. Though operators say they are seeing signs of stabilization in the market, that is unlikely to be reflected in the bottom line, at least for now. The consensus is that revenues and EBITDA will fall from the prior quarter and will hit the lowest level in five years.
Integrated resorts have become a buzzword in the gaming industry, with investors and governments around Asia looking to the model as they prepare plans for new markets and properties. However, as gambling revenue in Asia's biggest resorts declines is the IR model the right formula for success?
On an overcast morning in Cambodia's capital, Phnom Penh, the country's flagship casino looks less familiar than it did a year ago as construction obscures the entire front entrance. NagaWorld, which began as a boat moored on the Mekong River 20 years ago, is undergoing a major revamp, which is expected to help accelerate growth at one of the brightest spots in Asia’s casino industry.