Search Results for: "malaysia"

Higher operating costs hurt Genting Malaysia’s second-quarter results

August 28, 2017

Latest Casino and Gambling News, Economy/Finance, Malaysia

Asian casino giant Genting Malaysia has blamed unfavorable foreign exchange transactions along with higher operating costs after its net profit for the three months to the end of June fell by 59.4% year-on-year...

Genting Malaysia reveals bill for Massachusetts tribe has topped $347 million

Adam Morgan

July 11, 2017

Latest Casino and Gambling News, Casino proposals, Casino News, Fines, Lawsuits & Litigation, Massachusetts

After subscribing to promissory notes issued by the Mashpee Wampanoag Tribe last year for the purposes of helping the tribe to fund its planned First Light Casino and Resort in Massachusetts, Asian casino giant...

Diplomatic row between China and South Korea could be helping Malaysia

Adam Morgan

May 9, 2017

Latest Casino and Gambling News, Economy/Finance, Malaysia

The ongoing diplomatic dispute between China and South Korea could reportedly be helping casino operators in other Asian nations including Genting Malaysia via its Resorts World Genting integrated casino resort...

Malaysian firm announces plan to build world’s largest cruise ship casino

Adam Morgan

January 9, 2017

Latest Casino and Gambling News, Casino Cruise Ships, Malaysia

In Malaysia, a firm named Podiumspot Capital Group has reportedly announced plans to build the world’s largest floating casino as part of a new cruise ship set to be christened the Crusino. According to a re...

Genting Malaysia to operate Gulfstream Park Florida

Sadonna Price

December 9, 2016

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

After trying for many years to establish a gaming venue in Miami, Florida, Genting Malaysia Berhad will finally get their chance, just not where they expected. In 2011, Genting purchased the Miami Herald buildi...

Former Berjaya Group boss may revisit Malaysian casino license application

Adam Morgan

December 1, 2016

Latest Casino and Gambling News, Casino News, Licenses, Malaysia

In Malaysia, the founder of the Berjaya Group conglomerate is reportedly considering the possibility of applying for a full casino license and breaking the local monopoly Genting Malaysia has held since the ope...

Malaysian Inspector General of Police says no evidence to prove Malaysia is Asian match-fixing hub

Renee Kingsley

November 9, 2016

Latest Casino and Gambling News, Unlicensed Operation, Sports betting, Malaysia, Racketeering, Singapore

During the recent Global Lottery Monitoring System (GLMS) forum in Singapore, Chris Eaton the ex-FIFA security chief stated that Singapore was no longer the center for match-fixing in Asia as the match-fixing s...

Genting posts strong second quarter results due to UK gaming and Malaysia operations

Renee Kingsley

August 30, 2016

Latest Casino and Gambling News, Malaysia, Financial Press Releases, Singapore

Genting Malaysia, the entertainment conglomerate recently announced that it has had a strong second quarter and its net profit rose to 294.7 million ringgit, which was a 334 percent increase when compared to th...

Malaysian gambler tries to use Australian law for protection against debt in Singapore with Resorts World Sentosa

Sadonna Price

April 11, 2016

Latest Casino and Gambling News, Australia, Fines, Lawsuits & Litigation, Singapore

Lim Soo Kok is a Malaysian gambler who has reportedly tried to use his ties in Australia to get out of a debt owed with Resorts World Sentosa, a gambling resort venue of Singapore. The gambler has assets in Aus...

Genting Malaysia to invest heavily into its Resorts World Genting Casino

Renee Kingsley

April 8, 2016

Latest Casino and Gambling News, Casino project updates, Economy/Finance, Malaysia

Genting Malaysia Bhd is the parent company of the Resorts World Genting Casino, which is Malaysia’s biggest and only legal casino. Senior executives from Genting Malaysia recently sat down with analysts from th...

Malaysian firm SV International may be betting big on Sihanoukville

Lars Jones

March 26, 2016

Latest Casino and Gambling News, Casino proposals, Cambodia

A heretofore unheard of Malaysian company has plans to buy up every available land plot in the West Port free economic zone of Sihanoukville, Cambodia and create a "casino city" to rival Macau. According to a ...

Genting Malaysia Big Apple acquisition for possible new U.S. projects

K Morrison

January 8, 2016

Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Gaming Industry News, Asian Casino News, Mergers, Acquisitions & Partnerships, Malaysia, New York

The Genting Group’s investment holding and management company, Genting Malaysia Berhad, has acquired full equity interest in Big Apple Regional Center LLC from YMCMHB LLC, a foreign limited liability company, f...

Malaysia seeks new laws to stop online gambling

Sadonna Price

November 25, 2015

Latest Casino and Gambling News, Online gambling regulation, Unlicensed Operation, Malaysia

The Malaysian government is considering adjusting the current laws to stop what they are calling ‘widespread’ activity in online illegal gambling. Datuk Nur Jazlan Mohamed, the Deputy Home Minister, stated on W...

New Genting Malaysia theme park delayed until 2017

Sadonna Price

October 15, 2015

Latest Casino and Gambling News, Casino project updates, Malaysia

On Monday, CIMB Securities Ltd announced that Genting Malaysia Bhd had decided to postpone the opening of a theme park for Resorts World Genting. The resort area, also known as Genting Highlands, is the only ar...

Genting Malaysia to shuffle Alderney subsidiary to streamline UK business

Lars Jones

October 4, 2015

Online Gambling News, Mergers, Acquisitions & Partnerships, United Kingdom

According to a filing on Bursa Malaysia (formerly Kuala Lumpur Stock Exchange) this week, Genting Malaysia Bhd will acquire all shares of Genting Alderney Ltd for US$10.9 million, streamlining its UK gaming bus...