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Business 23 May 2015 | 12:00 AM

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.

Corporate News 17 Nov 2014 | 12:00 AM

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.

Business 21 Feb 2017 | 12:00 AM

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).

Business 18 Sep 2013 | 12:00 AM

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.

Corporate News 21 Nov 2018 | 12:00 AM

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%.

Business 31 Dec 2013 | 12:00 AM

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.

Business 12 Jul 2018 | 12:00 AM

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.

Business 07 Aug 2013 | 12:00 AM

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.

Business 08 Oct 2013 | 10:41 AM

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.

Business 19 Apr 2019 | 6:39 AM

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.