Sunday, December 15, 2019

Malaysia

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.

Malaysia budget ups gambling penalties

Malaysian Finance Minister Lim Guan Eng has introduced stiffer penalties for illegal gambling in the country’s annual budget.
Resorts World Catskills

Genting sued over Empire privatisation

Genting Malaysia is being sued by a minority shareholder of Empire Resorts who claims that the operator is undervaluing the U.S. company.

TRENDING ARTICLES

Wakayama prefecture plans to purchase land of IR candidate site

The Wakayama Prefectural Government has reached an agreement to purchase the IR development candidate site at Marina City in the event that Wakayama wins its licensing bid at the central government level.

Hokkaido conservatives fail to unite behind IR bid

The clouds darkened over the prospects for a Hokkaido IR bid this week as the main conservative caucus in the Hokkaido Prefectural Assembly proved unable to coordinate a united stance after two days of talks.

Service industry will still reign, despite automation: Tourism official

The Philippines Tourism Ministry said it is optimistic that the country’s unique brand of service will continue to play a strong role in its...

Mark Brown resigns as IPI CEO

Commonwealth Casino Commission Executive Director Edward Deleon Guerrero has revealed that Mark Brown has resigned as CEO of Imperial Pacific International (IPI), effective December 8.

POGO workers required to hold IDs in January

The Philippines government will be issuing identification cards to all foreign POGO workers starting in January, in a bid to better monitor, tax and...