Search Results for: "malaysia"

Genting Malaysia Berhad records a disappointing fourth quarter

February 28, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Taxation, Mergers, Acquisitions & Partnerships, Malaysia

Asian casino operator Genting Malaysia Berhad has reportedly released its unaudited financial results for the final three months of 2019 showing that its net profit had crashed by almost 60% year-on-year to abo...

Genting Malaysia Berhad initiates Empire Resorts Incorporated purchase

Adam Morgan

November 5, 2019

Casino Sales, Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, New York

Asian casino operator, Genting Malaysia Berhad, has reportedly announced the start of the $128.6 million deal that is due to see it fully acquire smaller American counterpart Empire Resorts Incorporated. Acc...

Genting Malaysia Berhad resolves lawsuit against The Walt Disney Company

Adam Morgan

July 27, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, Mergers, Acquisitions & Partnerships, Malaysia, Fines, Lawsuits & Litigation

Asian casino operator Genting Malaysia Berhad has reportedly announced that it has reached a settlement that has ‘fully resolved’ the $1 billion lawsuit it filed against The Walt Disney Company late last year. ...

Genting Malaysia Berhad being advised not to overextend its reach

Adam Morgan

April 18, 2019

Latest Casino and Gambling News, Las Vegas, Casino News, Casino expansion projects, Casino project updates, Economy/Finance, Singapore

Asian casino operator, Genting Malaysia Berhad, reportedly ‘has the liquidity’ to complete the development of large projects in Las Vegas and Singapore but may jeopardize its future ‘deleveraging trajectory’ by...

Genting Malaysia Berhad agrees Maxims Casino Club sale

Adam Morgan

March 25, 2019

Casino Sales, Latest Casino and Gambling News, Casino News, Economy/Finance, Mergers, Acquisitions & Partnerships, United Kingdom

Asian casino operator, Genting Malaysia Berhad, has announced the signing of a deal that is to see it earn approximately $45.79 million by selling the subsidiary that is responsible for running the United Kingd...

Genting Malaysia Berhad facing countersuit in California

Adam Morgan

January 25, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, Casino project updates, Malaysia, Fines, Lawsuits & Litigation

After initiating a $1.75 billion legal action against the newly-purchased Twenty-First Century Fox Incorporated subsidiary of The Walt Disney Company in November, Asian casino operator, Genting Malaysia Berhad,...

Wynn Macau Limited wins landmark court case in Malaysia

Adam Morgan

January 21, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Malaysia, Fines, Lawsuits & Litigation

In Malaysia, a High Court Judge reportedly made history on Friday by ordering local gambler, Paul Poh Yang Hong, to pay off the entirety of a debt he allegedly ran up while playing at a casino owned by Wynn Mac...

Genting Malaysia Berhad names new Deputy Chief Executive Officer

Adam Morgan

January 2, 2019

Latest Casino and Gambling News, Employment & Careers, Malaysia

Asian casino operator, Genting Malaysia Berhad, has reportedly announced that it has appointed Lim Keong Hui to serve as its new Deputy Chief Executive Officer as it looks to reverse a recent third-quarter defi...

The Void launches at Resorts World Genting Malaysia

K Morrison

December 8, 2018

Latest Casino and Gambling News, Casino News, Casino project updates, Malaysia

In what is a significant first step in its planned expansion in Asia, on Thursday, Resorts World Genting launched a virtual reality "experience center" in partnership with Utah based builder and operator of vir...

Genting Malaysia Berhad launches $1 billion lawsuit

Adam Morgan

November 28, 2018

Latest Casino and Gambling News, Casino News, Casino expansion projects, Casino project updates, Malaysia, Fines, Lawsuits & Litigation

Asian casino operator, Genting Malaysia Berhad, has reportedly filed a lawsuit in California against The Walt Disney Company and its new Twenty First Century Fox Incorporated subsidiary seeking at least $1 bill...

Genting Cruise Lines deploying SuperStar Gemini to Malaysia

Adam Morgan

September 24, 2018

Latest Casino and Gambling News, Casino News, Casino Cruise Ships, Malaysia

Asian cruise ship operator, Genting Cruise Lines, has announced that its Star Cruises brand is set to reinforce its commitment to Malaysia from November by deploying its SuperStar Gemini vessel to the Straits o...

Genting Malaysia Berhad considering next move in Massachusetts

Adam Morgan

September 18, 2018

Latest Casino and Gambling News, Tribal Gaming, Casino proposals, Casino News, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Massachusetts

Asian casino operator, Genting Malaysia Berhad, has reportedly announced that it is ‘currently deliberating the appropriate course of action’ regarding the around $426.3 million it is owed by Massachusetts’ Mas...

Renovation costs impact Genting Malaysia’s third-quarter bottom line

Adam Morgan

November 28, 2017

Latest Casino and Gambling News, Economy/Finance, Malaysia

Asian casino giant Genting Malaysia has released its unaudited financial results for the three months to the end of September showing a 65.2% drop year-on-year in overall profit to $47.13 million despite a 3.16...

Spintec brings multi-game amphitheater solution to Malaysia

Adam Morgan

November 27, 2017

Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Malaysia

In Malaysia, gaming machine innovator Spintec has reportedly installed one of its multi-game amphitheater solutions inside the newly-refurbished Resorts World Genting featuring 50 of its stand-alone Karma elect...

Malaysia investigating tougher rules against illegal gambling

Adam Morgan

October 31, 2017

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Unlicensed Operation, Online Gambling News, Malaysia

In Malaysia, Deputy Prime Minister Ahmad Zahid Hamidi has reportedly revealed that the government is considering whether to tighten the rules on illegal gambling due to a recent explosion in the use of mobile d...