PETALING JAYA: The gaming sector has been upgraded to an Overweight from Market Weight previously, as UOB KayHian Research expects casino duty for the VIP segment to be raised to 20% of gross gaming revenue, lower than the initially expected 35%.
In a report, the research house said its channel checks firmly suggested that duty for the VIP segment would be raised by 10 percentage point to 20% from January 2019 onwards.
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