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Higher gaming tax credit negative for Genting, says Moody's


KUALA LUMPUR: Moody's Investor's Service views the higher axes, fees and levies on the gaming industry as credit negative for the gaming industry.

“The changes, in particular the increase in casino duties of up to 35%, is credit negative for Genting Bhd (Baa1 stable) because earnings contribution from its Malaysia leisure and hospitality segment will fall and consequently weaken the group's leverage,” it says. 

Corporate News , Budget 2019

   

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