Gaming slot machines migrate out, troubles move into KGNS
WAZ LIAN ENTERPRISE SDN.BHD. (160461-M)
No. 95, Jln Pudu Lama,
50200 Kuala Lumpur,
Wilayah Persekutuan Tel: 03-2032 1899
Fax: 03-2031 9002
WAZ LIAN PROPERTIES SDN. BHD. (915904-T)
There are actually 3 BIG player in Slot Machine Clubs in Malaysia.
- Waz Lian
- Palm Gold
BERJAYA CLUB ????
A controversial move by Kelab Golf Negara Subang (KGNS) to lease and relocate its gaming machines outside the clubhouse has offered a peek into the billion-ringgit slot machine industry controlled by a clutch of businessmen closely connected to Barisan Nasional (BN).
Tan Sri Megat Najmuddin Khas and other members of the management committee of the club for the year 2011-2012 were recently censured by club members for negligent and incompetent conduct and a breach of duty, according to documents sighted by The Malaysian Insider.
The Club Captain during that period was Dr Ronnie Yeo. He received a stronger rebuke for being a party to discussions on the relocation deal when he was employed by Waz Lian Recreation Sdn Bhd, the company owned by a tycoon who organised the massive show of support in Port Klang for Datuk Seri Najib Razak with 60,000 people turning up for the dinner.
The real story: the Finance Minister who first gave out these licences - Dr M or Pak Lah
A handful of Chinese tycoons own hundreds of licences issued by the Ministry of Finance to operate gaming machines. These machines are placed in private clubs around the city but are open to anyone who wants to try their luck. The tycoons with more licences are able to earn a profit of several million ringgit a month, some going as high as RM20 million a month, even after paying taxes to the government.
Because of the Finance Ministry’s tight control of licences under the Lottery Act, some of the tycoons have been turning their attention to gaming machines operated by golf clubs and sports clubs around the country, offering the clubs a contract to lease and relocate the machines outside the clubs.
In return, these gaming operators are prepared to pay the clubs a guaranteed amount monthly. And most of the time the guaranteed monthly compensation is more than what the club would have earned had the slot machines remained in its premises and been played only by club members.
But the problem with such sweet deals is that they appear to breach the conditions of the gaming licence set by the Finance Ministry. These include the need to place the slot machines on club premises and make sure that only club members can play.
In this case, KGNS agreed to transfer the operation of its 10 gaming machines to Waz Lian in May 2012, more than a year after talks began between the management committee and the operator.
The gaming machines were moved to the Galaxy Club in Kota Damansara and it was agreed that Waz Lian would run the slot machine business for five years[SIZE=7]. For the first six months, KGNS would receive RM126,000. After that, the club was to be paid RM150,000 per month.
Waz Lian also agreed that in the event of the gaming licence was revoked, it would compensate KGNS RM10 million. The management committee also agreed with a suggestion by Waz Lian to call the gaming room in Kota Damansara “an annex club’’, a move which would ensure that it would technically meet the Finance Ministry’s demand that the machines must be on club premises.
But the agreement did not go down well with club members and at the KGNS AGM in June last year, it was decided that a special investigation committee investigate “the causes and reasons” for the club entering into an agreement to operate its slot machines and remove them from the club.
Breaches: What should current Finance Minister Najib Razak do - confiscate the machines/licences?
After exhaustive enquiries, the special investigation committee concluded that many breaches had taken place.
For example, the agreement with Waz Lian states that members of the public will be allowed to use the gaming machines at [SIZE=7]Galaxy club, contravening the ministry’s rules that only club members may use the slot machines.
Also, the Galaxy club was described as an annex of KGNS though the golf club did not have exclusive possession of the premises where the machines were moved to.
The investigation committee also noted that though the operator pledged to make a payment of RM10 million should the gaming licence be revoked, Waz Lian did not have a good balance sheet and had a net liability position of RM446,872.
There was also disappointment among club members because the club’s solicitors had in December 2011 raised the red flag on whether Malaysian law allows the machines to be used by non-members.
It remains unclear if the Finance Ministry is going to act against KGNS or other clubs which have entered into agreements with the well-connected businessmen who dominate the slot machine business in Malaysia.
Full article: http://www.malaysia-chronicle.com/index.ph...2#ixzz2x5b0QIik
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WAZ LIAN ENTERPRISE SDN.BHD. a gambling company!
馬來西亞的老虎機市場主要被兩幫人馬瓜分（雲頂賭場除外），一方面是以成功集團（Berjaya Group）陳誌遠（Vincent Tan）為首的陳氏家族，陳氏家族的老虎機生意註重在VIP貴賓俱樂部，在吉隆坡多個華人聚集地均設有貴賓俱樂部。
另一個派系則是由拿督鄭金炎（Tan Sri Ta Kin Yan ）和新加坡商人傅寶聯（Paul Poh Po Lian）所創辦華聯集團（Waz Lian Group）。
Ho also presented souvenirs to long-time member businessman Tan Sri Ta Kin Yan on being conferred the Panglima Setia Makhota (PSM) award by the Yang di-Pertuan Agong and to associate member Joseph R. Menezes who received a special medal by the St. John’s Ambulance Malaysia on behalf of the Queen of England.
City&Country: Waz Lian moving into top gear
Tags: Ta Shun Dher , Waz Lian Group
By Lam Jian Wyn of The Edge Malaysia
Sunday, 21 August 2011
Ask Waz Lian Group director Ta Shun Dher what the gaming, hospitality and property outfit has been up to of late and chances are the 24-year-old will tell you: “Too many things to keep track of.”
The low-key group has undertaken a string of real estate projects, mostly related to its hospitality business. It recently completed its first premium low-rise development in Kuala Lumpur’s expatriate enclave of Taman U-Thant, aptly named Gallery @ U-Thant. The project has a gross development value of RM200 million and comprises 50 units of 3,208 to 6,576 sq ft apartments priced from about RM4.2 million to RM8.9 million.
The homes are housed in two 10-storey blocks — the highest in the area where the height of buildings is restricted by Kuala Lumpur City Hall.
The term “blocks”, however, does not adequately describe the building’s sinuous design — from the top, it resembles two large leaves fanning out. The developer hopes the unique design, together with the the building’s height in a neighbourhood of low-rise strata homes, will appeal to prospective buyers.
Under construction in Persiaran Madge is Gamuda Land’s Madge Mansions — condovillas that come with a personalised concierge facility called “At Your Service” that will attend to the needs of residents. Prices for these start at RM1,320 psf.
Just a stone’s throw from Gallery @ U-Thant is Wing Tai Asia’s Nobleton Crest development, a three-block condominium. Other low-rise condominiums in the area are U-Thant Residences, Cinta, 7 U-Thant, Brunsfield Residences and Katana, to name but a few.
Waz Lian had purchased the land for Gallery @ U-Thant 10 years ago. “Back then, the price was still low, less than RM200 psf,” Ta tells City & Country. “We kept it because this area had no high-end condominiums at the time. Originally, my father wanted to build a bungalow for his own use, but then the land was large. It is 1.3 acres and freehold.”
Waz Lian tied up with Prinnaisance Development Sdn Bhd, a subsidiary of the then listed Nam Fatt Holdings Bhd, to develop Gallery @ U-Thant. However, it bought over its partner following Nam Fatt’s financial woes which forced the latter to restructure and liquidate its subsidiaries. Nam Fatt was delisted in May this year.
Currently, 40 of the 50 units at Gallery @ U-Thant have been taken up. Only 32 units were released at RM800 psf before construction commenced in 2008 to allow the remaining units to gain value, Ta says. He adds that 24 of the units were taken up by groups of investors even before there were any promotional materials, let alone a show unit.
A few more units were bought by his father Tan Sri Ta Kin Yan, who is group chairman.
“The investors were mainly from Singapore, Hong Kong and China, with few from the UK and one from the US,” Ta says.
Waz Lian has now released the rest of the units at RM1,300 psf and is making the rounds at property fairs, including Singapore. It hopes to attract Singaporeans who may find the current exchange rate in their favour. As with most properties with premium positioning, the group is touting Gallery @ U-Thant as a good investment opportunity with a catchment of expatriates. There are nine embassies in the neighbourhood, with Sayfol International School nearby.
“The units come with a rental guarantee of RM6 psf for the first two years. The management of the building will undertake the leasing of the units,” says Ta, adding that this will also give the company control over the tenant mix of the condominium. “Even if it takes longer, we will [still] screen, to establish a reputation of exclusivity for Gallery @ U-Thant.”
So far, three of the apartments are occupied while another two have been leased out.
Waz Lian is expanding its hospitality segment — one of its core earners — by building two more of its Sentral brand hotels in Kuantan and Penang as well as more beach resorts around Peninsular Malaysia, says Ta.
“We decided to grow our chain because of the good performance of our maiden hotel in Brickfields [KL Sentral Hotel]. My father often had business associates over and he observed a demand for three-star hotels. So he started KL Sentral Hotel.”
Opened three years ago, KL Sentral Hotel has 230 rooms with an average occupancy rate of 90% per month. This has encouraged the group to build another two hotels in Kuantan, Pahang, and Penang by year-end.
The group opened Pudu Sentral in Jalan Pudu, near its head
This post has been edited by PLOUFFLE: Sep 11 2015, 09:42 PM
slot machine in malaysia is legal ,u know or not?