HAROM!

great idea, komunis export their gamblers to half taliban msia to revive our economy.

this will be really giving bullets to PN.

I dont think the tai kor of Johor wants it while he is the King.

Not a good idea.

Too crowded with casino.

Encourage them to travel up genting la. Earn more ma.

HAROM!

Harum

Oii tidak halal

Absolutely HAROM!

Malaysia govt mulls country’s second casino, says report

Malaysia’s prime minister has reportedly been in talks with two of the country’s gaming entrepreneurs, Lim Kok Thay of global casino group Genting, and Vincent Tan of lottery specialist Berjaya Corp Bhd, about the possibility of putting a casino in a struggling US$100-billion real estate development that has Chinese backing, called Forest City in Johor, close to the border with Singapore.

That is according to a Thursday report by Bloomberg, citing people it did not name, but said were familiar with the matter.

Genting runs what is currently Malaysia’s only casino resort, Resorts World Genting, at Genting Highlands, outside the national Kuala Lumpur.

The talks involving Prime Minister Anwar Ibrahim were said to have taken place last week, at the Forest City site.

Bloomberg said one of Forest City’s backers, Chinese real estate firm Country Garden Holdings Ltd, was in favour of such a move. Country Garden has recently seen its shares suspended on the Hong Kong Stock Exchange, due to a delay in its financial reporting.

The current ceremonial monarch of Malaysia, Sultan Ibrahim Iskandar, who is also sultan of Johor state, is said to hold more than 20 percent of the joint venture vehicle involving Country Garden that is the master developer of Forest City.

The report said the monarch was represented at the talks.

Bloomberg cited a spokesperson for Berjaya as saying it was not aware of any talks between Mr Tan and the Prime Minister regarding Forest City.

The news outlet added that neither Genting, Country Garden, or the monarch’s office, responded to request for comment.
https://www.ggrasia.com/malaysia-govt-mulls...no-says-report/

in The Star, it was reported that Tan Sri Low Yow Chuan said that should there be a second license for casino, he would have the opportunity for ‘a right of first refusal’. In this case, it simply meant that if the second casino license was given, it would be given to the Low Yat Group first before it would be offered to others. It goes all the way back to 1970 when our first Prime Minister, Tunku Abdul Rahman granted them a casino license on the condition that Low Yat group builds a hotel and country club in Langkawi. While the hotel was completed in 1973, the casino plan did not materialise because there were not enough infrastructure to support it then.
This grant was reaffirmed in 1993 when he wrote to the Treasury and got a reply two months later that while there are no plans for a second casino licence but should a reverse decision be made, Yow Chuan would be granted the opportunity for a ‘right of first refusal’. If an approval was given, an integrated resort with a casino complex would be built and the total investment would be between RM3 billion to RM4 billion. This would not just be a casino but would also include the latest lifestyle and entertainment trends like food, live shows, theatres and themed retail stores.