The Genting Group could be in for an event-driven year according to CIMB Research. The research firm believes the Group is in expansion mode empowered by its USD $7.56 billion in unencumbered cash and consolidated balance sheet. CIMB believes the group has numerous prospective scenarios around the globe under its umbrella: Genting Malaysia could be poised for further expansion in the US east coast markets after investing US $700 million in New York and US $442 million in Miami, while Genting Singapore is likely to be particularly attentive to the potential liberalization of the Japanese market. Australia would be another option as Genting Hong Kong owns 10% of Echo Entertainment’s The Star.
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Bloomberry Foundation and the Philippine Amusement and Gaming Corp said they have completed the capital region’s largest quarantine facility for Covid-19 patients.
Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.
The Puducherry union territory government has urged the union government to ban online gaming platforms and mobile apps, describing it as a necessity to protect the mental health of vulnerable people.