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KUALA LUMPUR: Genting Malaysia Bhd's indirect unit Genting (USA) Ltd has purchased 12.20 million shares in Empire Resorts, Inc from Kien Huat Realty III Ltd for US$128.56mil (RM534mil).
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has yet to identify an estimated RM18.904bil worth of unidentified 1Malaysia Development Bhd (1MDB) assets.
KUALA LUMPUR: Stocks that may be seeing trading interest on Monday include Genting Malaysia Bhd, Ivory Properties Group Bhd, Hengyuan Refining Company Bhd, Petron Malaysia Refining & Marketing Bhd and Mudajaya Group Bhd, according to JF Apex Research.
PETALING JAYA: Investor sentiment towards Genting Malaysia Bhd (GenM) is expected to improve as more details emerge on the group’s upcoming outdoor theme park (OTP)
PETALING JAYA: A superyacht that fugitive businessman Low Taek Jho used to own is on sale once again.
KUALA LUMPUR: Genting Malaysia Bhd should be seeing improved investor sentiment as concerns over a potential gaming tax hike has been lifted following Budget 2020.
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PETALING JAYA: All eyes are on the gaming sector ahead of the upcoming Budget 2020 with some analysts seeing rising risk of a tax hike for number forecast operators (NFOs).
KUALA LUMPUR: Affin Hwang Capital research believes there is a possibility of Genting Malaysia Bhd listing its US operations within the next five to ten years, despite a few "milestones" the gaming company needs to first achieve.
KUALA LUMPUR: Malaysia is committed to continue working with global economies for mutual benefits, including with the United States (US) of which we have had over six decades of strong relationship in terms of trade and investment, said the Ministry of International Trade and Industry (Miti) in a statement.