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 Breaking : 2nd casino in Forest City?

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keyser soze
post Apr 25 2024, 10:42 AM

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nanti king of the north LGE jerit lagi.
They have better potential. Nearer to Singapore. Got beach, got nice golf courses, duty free lagi.

This post has been edited by keyser soze: Apr 25 2024, 10:46 AM
river.sand
post Apr 25 2024, 10:44 AM

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QUOTE(keyser soze @ Apr 25 2024, 10:42 AM)
nanti king of the north LGE jerit lagi.
*
LGE:
Why casino in Johor and not Penang?
CM Chow must explained!
FelixCo
post Apr 25 2024, 10:45 AM

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Would this make any impact since SG already have 2 casinos? Worst case, ghosting casino
icemanfx
post Apr 25 2024, 10:49 AM

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QUOTE(FelixCo @ Apr 25 2024, 10:45 AM)
Would this make any impact since SG already have 2 casinos? Worst case, ghosting casino
*
More to cater sinkie.

river.sand
post Apr 25 2024, 10:49 AM

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QUOTE(FelixCo @ Apr 25 2024, 10:45 AM)
Would this make any impact since SG already have 2 casinos? Worst case, ghosting casino
*
Currently SG residents (citizens and PR) need to pay a fee to enter the casinos in MBS and Sentosa. But should the Forest City casino becomes a reality, I am sure Lawrence Wong will abolish the entry fee requirements.

When this happens, do you think SG residents will come over to Forest City? Exchange rate doesn't make a difference here. After all, the more you bet, the more you win.
MakNok
post Apr 25 2024, 10:52 AM

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QUOTE(Randomization @ Apr 25 2024, 10:26 AM)
SG ppl will flock here if true.

No entry fee.
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Do charge entry fee for local population.....at least rm1k.....if they lose even their underwear.....still got rm1k to balik kampung.

This post has been edited by MakNok: Apr 25 2024, 10:52 AM
ozak
post Apr 25 2024, 10:53 AM

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QUOTE(GagalLand @ Apr 25 2024, 10:35 AM)
Genting is overcrowded and too far for SG ppl
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They like the cool mountain feeling.

SG and south side lack of it.
nearlee
post Apr 25 2024, 10:54 AM

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Nearlee


GagalLand
post Apr 25 2024, 10:54 AM

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Lol

You don't know gambler

Cool factor is not their top priority

QUOTE(ozak @ Apr 25 2024, 10:53 AM)
They like the cool mountain feeling.

SG and south side lack of it.
*
This post has been edited by GagalLand: Apr 25 2024, 10:56 AM
damonlbs
post Apr 25 2024, 10:55 AM

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i remember this old news


Low Yat's Resort Plans
https://www.propertyhunter.com.my/news/2014...-s-resort-plans
05-08-2014

https://www.thestar.com.my/business/busines...-resort-project


Tan Sri Low Yow Chuan, the driver behind one of the oldest property development groups in the country, revealed that he has the "first right of refusal” for a second casino licence and plans to build an integrated resort, if the Government approves of one.

The licence was granted in 1970 by Malaysia's first Prime Minister Tunku Abdul Rahman to the 81-year-old patriarch of the Low Yat group and reaffirmed in 1993. By then, the Prime Minister was Tun Dr Mahathir Mohamad.

According to Yow Chuan, Tunku offered to issue him with a casino licence in 1970, when the former was in his late 30s, on condition the Low Yat group builds a hotel and a country club in Langkawi.

Low Yat Construction Company Sdn Bhd was one of few Class A contractors accredited with the Public Works Department at the time.

Yow Chuan's father, the late Tan Sri Low Yat founded Low Yat Construction in 1947. Low Yat built the country's first international class hotel, Federal Hotel, in Kuala Lumpur in time for Malaysia's independence celebration on Aug 31, 1957.

The group also ventured into property development under the umbrella of Asia Pacific Land Bhd (AP Land), which was listed on the Kuala Lumpur Stock Exchange and the Stock Exchange of Singapore in 1969. In 2011, Low's family-owned company, Low Chuan Holdings Sdn Bhd, the substantial shareholder of AP Land, acquired the entire assets and liabilities of the listed company and took the company private.

Yow Chuan said the hotel and club project in Langkawi cost some RM100mil to build and was completed in 1973. He did not proceed to open a casino on the island because he said Langkawi was still remote without the necessary supporting infrastructure to support a casino then.

"We had to use our own resources to build the project as there was no grant or allocation from the Government to help finance the construction cost. We could not afford to fork out further capital outlay to support a casino operation then" Yow Chuan said in an interview with StarBiz.

Instead, Yow Chuan sought the blessings of Tunku to set up a casino in Penang but the plan also fell through because of land alienation issues with the state government.

In August 1993, Yow Chuan wrote to the Treasury on the status of the casino licence.

The Treasury responded in a letter two months later, stating that "the Government has no intention of issuing a casino licence presently, but if however, a reverse decision is made, Yow Chuan would be given an opportunity for ‘a right of first refusal'" said Yow Chuan.

The history of how the casino licence was granted by the Tunku in 1970 brought back fond memories for Yow Chuan, who was honoured the prestigious (Kuala Lumpur) Mayor's Commendable Award for Outstanding Contribution at the Kuala Lumpur Mayor's Tourism Awards (KLMTA) 2014 last month.

Yow Chuan said the group wanted to exercise its prerogative, should a second casino licence be granted, to apply to the Government to build an integrated resort with a casino complex.

The integrated resort project is estimated to involve an investment of between RM3bil and RM4bil.

Yow Chuan feels that casinos these days need not necessarily focus fully on gaming to market themselves, as Asians are increasingly responding to well-designed integrated resorts that meet the latest lifestyle and entertainment trends like food, live shows, theatres and themed retail stores.

The subject of a second casino licence cropped up recently when Berjaya group founder Tan Sri Vincent Tan disclosed that he was keen to apply for a licence to operate a resort cum casino at the group's Berjaya Hills Resort in Pahang.

He revealed plans to invest up to RM3bil to set up a casino complex, indoor and outdoor theme parks, food and retail outlets, hotels, a convention centre and holiday homes in the resort area, if the application is approved.

The Genting group is the sole casino operator in the country now. Genting Highlands opened for business on May 8, 1971 and has since used those operations to build casino cum resorts in Singapore, the United States, Hong Kong and the Philippines.

This is not the first time the issue of a second casino for Malaysia has cropped up. The last time it was raised was more than 10 years ago when Berjaya made its first bid for a casino licence. Its application was rejected due to protests from various social groups.

Yow Chuan's disclosure that he has the "right of first refusal” means that should the Government decide to issue a second casino licence, it has more than one serious contender.

According to Yow Chuan, if his plans for the integrated resort project is approved, he would be able to add a new tourist destination to attract more visitors to the country.

If it happens, the project will mark a comeback of the tireless builder.
ozak
post Apr 25 2024, 10:55 AM

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QUOTE(SuperTuhan @ Apr 25 2024, 10:41 AM)
Malaysia needed this casino and execute it fast

because Thailand will launch 3 casinos and will take away lots of money from Sgporean & malaysian
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This region SEA is crowded with casino.

Competition would be stiff and unprofitable if country no advantage.
river.sand
post Apr 25 2024, 10:57 AM

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QUOTE(Randomization @ Apr 25 2024, 10:26 AM)
SG ppl will flock here if true.

No entry fee.
*
Don't be so optimistic. If the Forest City casino is built, Lawrence Wong will abolish the entry fee.
GagalLand
post Apr 25 2024, 11:03 AM

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SG casino is not Singaporean friendly, SG PRs and citizens need to pay SG150 levy per entry

MY can give them free entry with free accommodation and free chips

QUOTE(ozak @ Apr 25 2024, 10:55 AM)
This region SEA is crowded with casino.

Competition would be stiff and unprofitable if country no advantage.
*
This post has been edited by GagalLand: Apr 25 2024, 11:04 AM
SUSAccord2018
post Apr 25 2024, 11:04 AM

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QUOTE(GagalLand @ Apr 25 2024, 11:03 AM)
SG casino is not Singaporean friendly, SG PRs and citizens need to pay SG150 levy per entry

MY can give them free entry with free accommodation and free chips
*
If need pay Rm200 to enter genting, also many will not go already.
skywardsword
post Apr 25 2024, 11:04 AM

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It might happen. But honestly, Chinese gamblers will not come to gamble because China view gambling like Opium war....

It is bad. At the same time, if do Casino/Resort Worlds as a whole, with proper anti problem gambling program. Which applies to Local and International visitor. Could work.
anakkk
post Apr 25 2024, 11:06 AM

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one of the way to pull singaporean and china ppl

maybe build a theme park there better

This post has been edited by anakkk: Apr 25 2024, 11:07 AM
coldzerotarget
post Apr 25 2024, 11:07 AM

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bill11
post Apr 25 2024, 11:07 AM

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QUOTE(river.sand @ Apr 25 2024, 10:49 AM)
Currently SG residents (citizens and PR) need to pay a fee to enter the casinos in MBS and Sentosa. But should the Forest City casino becomes a reality, I am sure Lawrence Wong will abolish the entry fee requirements.

When this happens, do you think SG residents will come over to Forest City? Exchange rate doesn't make a difference here. After all, the more you bet, the more you win.
*
wait until more news about his citizen suicide rate goes higher due to his relaxing the entry fees ...
Syie9^_^
post Apr 25 2024, 11:08 AM

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kita halalkan. Owai..Indon will come.

bashlyner
post Apr 25 2024, 11:09 AM

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QUOTE(river.sand @ Apr 25 2024, 10:57 AM)
Don't be so optimistic. If the Forest City casino is built, Lawrence Wong will abolish the entry fee.
*
If I am Lawrence, wait until the casino is fully built and then announce the abolishment right before the official opening.

Many will vomit white foam laugh.gif

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