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Malaysian firms bet on overseas gaming market
Gaming in Malaysia is synonymous with the Genting group, but several Malaysian-liked companies have ventured into it outside the country with the latest being Luster Industries.
Dicey times ahead for gaming sector
KUALA LUMPUR: The gaming story for the Genting group is far from over, although the jackpot remains a tad elusive for now.
Analyst ‘neutral’ on gaming stocks
PETALING JAYA: UOB Kay Hian Research expects the planned amendment to the Common Gaming Houses Act 1953, which aims to combat online gambling, to have a neutral to positive impact on number forecasting operators (NFO).
Govt hoping to reduce deficit in upcoming Budget 2014, gaming tax may increase
PETALING JAYA: A tax hike may be in the offing for the gaming sector in the upcoming Budget 2014, especially as the Government is hoping to reduce the country’s budget deficit, according to RHB Research.
Gaming sector upgraded due to lower duty than expected
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%.
Analysts neutral on gaming sector for next year, GST one reason
PETALING JAYA: The relatively unexciting growth rate and possible pressure on margins due the implementation of the Goods and Services Tax (GST) are among the reasons for analysts to take a “neutral” view on the gaming sector.
Gaming sector to benefit from better consumer sentiment
PETALING JAYA: The gaming sector is expected to benefit from a recovery in consumer sentiment, following the reduction of goods and services tax (GST) rate to 0%, reintroduction of petrol subsidy and the promise of a minimum wage increase to address the higher cost of living.
Potential structural measures may dampen local gaming sector
PETALING JAYA: Potential structural adjustments, coupled with a lack of positive near-term catalysts, have dampened the local gaming sector, although it would remain a stable dividend play.
Gaming tax hike unlikely, sector on Overweight: Kenanga Research
Kenanga Research is keeping the gaming sector on Overweight, and has given the Outperform call on all the gaming stocks under its coverage, saying it does not expect changes in gaming tax in the upcoming budget.
S&P Global Ratings positive on Chen Lip Keong's Naga3 gaming devt
KUALA LUMPUR: S&P Global Ratings is positive on the proposed expansion of the Naga3 integrated gaming development project is a win for NagaCorp Ltd, which is controlled by Tan Sri Chen Lip Keong.
