• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 9 May 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Genting Malaysia denies discussions around alleged Johor casino license

Newsdesk by Newsdesk
Sun 28 Apr 2024 at 07:10
Short term pain: Maybank IB slashes 2024 Genting Malaysia forecast on temporary casino closures at Resorts World Genting

Resorts World Genting

20
SHARES
500
VIEWS
Print Friendly, PDF & Email

The two companies alleged to have been involved in discussions around the potential development and operation of a new casino project in the south of Malaysia, including the nation’s only current casino operator Genting Malaysia, have denied any involvement.

In a statement issued Friday, Genting Malaysia – which holds Malaysia’s sole casino license for Resorts World Genting – said “neither the company nor [Deputy Chairman and CEO] Tan Sri Lim [Kok Thay] were involved in any such discussions or meetings and the claims made are untrue.”

It also called on “all parties [to] immediately cease the publication and dissemination of the misinformation, remove the untrue claims, and provide clarification to the public to prevent further confusion.

“Genting Malaysia shall not hesitate to take further action deemed necessary to protect its interests and stakeholders.”

The statement references a report last week by Bloomberg in which the outlet alleged that Lim as well as Berjaya Corp founder Vincent Tan had met with Malaysia’s Prime Minister Anwar Ibrahim to discuss the possibility of granting a second casino license for the embattled US$100 billion Forest City residential development in Johor, near the Singapore border.

That report has since been refuted by the Prime Minister, who described it as “a lie”.

Also refuting the report on Friday was Berjaya Corp, which said it “included inaccurate information that misrepresents our supposed involvement in discussion with Prime Minister Anwar Ibrahim regarding the Forest City project.

“We would like to make it clear that Tan has not participated in any such discussions and refute the inaccurate claims presented in the articles.”

Analysts have suggested that a casino development in Johor would potentially be a negative for the Genting Group – even if it was to secure a license itself – due to the city’s proximity to its Singapore property, Resorts World Sentosa.

RelatedPosts

Genting Malaysia to form part of new merged entity taking full ownership of New York’s Empire Resorts

Genting Malaysia to acquire full ownership of US entity Empire Resorts from Lim family vehicle

Sat 3 May 2025 at 05:58
We’re Back!

Singapore regulator renews Marina Bay Sands casino license for three years

Sun 13 Apr 2025 at 10:29
10 Years Ago: The Star war

OPINION: Why are the shareholders of Star Entertainment accepting this farce? Someone needs to call an Extraordinary General Meeting NOW and fire the entire board

Thu 3 Apr 2025 at 07:36
Trade union warns massively increased casino pokies tax in NSW will cost jobs

The Star Sydney’s casino license to remain suspended until at least 30 September

Fri 28 Mar 2025 at 16:21
Load More
Tags: casino licenseGenting MalaysiaJohorLim Kok ThayMalaysia
Share8Share1
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Knife’s edge

Editorial – Knife’s edge

by Andrew W Scott and Ben Blaschke
Tue 29 Apr 2025 at 15:14

Thailand’s Entertainment Complex journey is at a critical point, with the success or failure of the initiative to be determined...

The changing face of Macau

The changing face of Macau

by Ben Blaschke
Tue 29 Apr 2025 at 15:09

Inside Asian Gaming takes a deep dive into the new, post-COVID Macau where a revenue environment that seems to be...

Born again

Born again

by Pierce Chan
Tue 29 Apr 2025 at 14:47

Premiering in September 2010 at City of Dreams, The House of Dancing Water was a visionary creation by artistic maestro...

Richard Howarth – Testing the limits

Richard Howarth – Testing the limits

by Ben Blaschke
Tue 29 Apr 2025 at 13:17

Richard Howarth, Chief Business Officer APAC for global testing laboratory GLI, discusses his career journey and his passion for fast-paced...

Evolution Asia
Aristocrat
GLI
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

Japan Credit Rating Agency affirms Konami’s A+ rating due to “high earning capacity”

Stability in Australia, North America drives 7.4% revenue growth for Konami’s gaming segment in FY25

by Newsdesk
Fri 9 May 2025 at 06:48

Global gaming supplier Konami reported a 7.4% increase in revenue in its Gaming & Systems segment to JPY42.7 billion in the year ended 31 March 2025, with operating profit up by 16.3% to JPY7.3 billion, according to financial statements published...

MGM’s Hornbuckle bullish on “unique” Macau as China stimulus uncertainty sees gaming stocks dive

MGM’s Bill Hornbuckle extends employment contract through end-2028

by Ben Blaschke
Fri 9 May 2025 at 06:34

MGM Resorts CEO and President Bill Hornbuckle has renewed his employment contract with the company through to the end of 2028, after which time he will assume an advisory role to assist with the pre-opening phase of its US$9 billion...

Winds of change

Melco says working with potential buyers on bidding process for City of Dreams Manila

by Ben Blaschke
Fri 9 May 2025 at 06:16

Melco Resorts & Entertainment said Thursday that it is currently in discussions with potential buyers of its stake in Philippines integrated resort City of Dreams Manila and will soon have a shortlist of interested parties that will partake in a...

Melco prices US$750 million Senior Notes offering

Melco smashes revenue and profit estimates in 1Q25, gains market share on powerful performance of Macau resorts

by Ben Blaschke
Fri 9 May 2025 at 05:36

An impressively strong performance in Macau was enough to see Melco Resorts & Entertainment comfortably beat consensus in 1Q25, with the company reporting a 10.8% year-on-year increase in total operating revenues to US$1.23 billion including a 12.2% rise in gaming...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English