Business

Genting accepts increase in gaming taxes, says it will work harder to mitigate impact

By LOH FOON FONG
Lim Kok Thay, chairman and chief executive officer of Genting Bhd. – Bloomberg

KUALA LUMPUR: Genting Bhd says that any increase in gaming taxes is not within its control but the company will work harder to mitigate its effects.

Its chairman and chief executive officer Tan Sri Lim Kok Thay said that gaming taxes were not new and Genting understood why the government was increasing the rates as it needed more funds.

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