Monday, February 17, 2020

Malaysia

Coronavirus hits industry, but underlying demand seen strong

Looking at the Chinese New Year visitation figures for Macau, it’s difficult not to be pessimistic about the near-term outlook for gaming in Asia, though analysts say underlying demand remains strong and there is likely to be a snap back once the situation improves.

Malaysian police bust small casino in KL

Malaysian police have busted a “mini-casino” hidden inside an entertainment outlet in southern Kuala Lumpur, arresting 58 people, local media reports.  The police raid took...

Sabah police bust Chinese illegal online gambling syndicate

Police in Sabah, Malaysia, have arrested 23 Chinese nationals which they say were operating an illegal online gambling syndicate out of three apartments being used as call centers.

S&P lowers Genting Malaysia’s credit ratings on higher leverage

On Wednesday, S&P Global Ratings lowered its long-term issuer credit rating on Genting Malaysia to 'BBB+' from 'A-', citing the firm’s aggressive expansion plans that are increasing leverage and weakening cash flow.

RGB sees improved performance for 2019

RGB International said it expects strong regional demand for its products and services to translate into a better performance for 2019.

Genting Malaysia 19Q3 revenue edges up slightly

Genting Malaysia registered a marginal increase in total revenue in the third quarter of 2019, rising one percent to RM2.6 billion (US$630 million). Net profit...

Malaysian Islamic Party softens anti-gambling policies

The Malaysian state of Terengganu, governed by the Malaysian Islamic Party, is reportedly mulling a relaxation of its bans on gambling and alcohol in order to attract visits from cruise ships.

Genting Malaysia theme park seen opening in Q3/2020

Genting Malaysia is planning a soft opening of its theme park in Q3, 2020, though the park will be more expensive than anticipated.
Resorts World Catskills

Genting rejects Empire investor’s allegations

Genting Malaysia says a lawsuit filed by an investor against Empire Resorts is without merit.
Online gamer

Slow progress seen in Asian online gaming regulation

Asian governments are expected to eventually regulate online gaming, though lack of legislation is still a major factor holding back potential.

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Seven Macau hotels have suspended operations

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