The_King Posted April 25 Share Posted April 25 Malaysia’s prime minister has reportedly been in talks with two of the country’s gaming entrepreneurs, Lim Kok Thay of global casino group Genting, and Vincent Tan of lottery specialist Berjaya Corp Bhd, about the possibility of putting a casino in a struggling US$100-billion real estate development that has Chinese backing, called Forest City in Johor, close to the border with Singapore. That is according to a Thursday report by Bloomberg, citing people it did not name, but said were familiar with the matter. Genting runs what is currently Malaysia’s only casino resort, Resorts World Genting, at Genting Highlands, outside the national Kuala Lumpur. The talks involving Prime Minister Anwar Ibrahim were said to have taken place last week, at the Forest City site. Bloomberg said one of Forest City’s backers, Chinese real estate firm Country Garden Holdings Ltd, was in favour of such a move. Country Garden has recently seen its shares suspended on the Hong Kong Stock Exchange, due to a delay in its financial reporting. The current ceremonial monarch of Malaysia, Sultan Ibrahim Iskandar, who is also sultan of Johor state, is said to hold more than 20 percent of the joint venture vehicle involving Country Garden that is the master developer of Forest City. The report said the monarch was represented at the talks. Bloomberg cited a spokesperson for Berjaya as saying it was not aware of any talks between Mr Tan and the Prime Minister regarding Forest City. The news outlet added that neither Genting, Country Garden, or the monarch’s office, responded to request for comment. https://www.ggrasia.com/malaysia-govt-mulls-second-genting-casino-says-report/ 3 1 Link to comment Share on other sites More sharing options...
meng.huat Posted April 25 Share Posted April 25 if the johor sultan nods his head, it is go ahead 2 1 Link to comment Share on other sites More sharing options...
The_King Posted April 25 Author Share Posted April 25 (edited) if approved SG casino Edited April 25 by The_King 3 Link to comment Share on other sites More sharing options...
Huat Zai Posted April 25 Share Posted April 25 2 hours ago, The_King said: if approved SG casino The whales don't go come here to gamble anyways, we're just a 2 Link to comment Share on other sites More sharing options...
socrates469bc Posted April 25 Share Posted April 25 (edited) 4 hours ago, The_King said: Malaysia’s prime minister has reportedly been in talks with two of the country’s gaming entrepreneurs, Lim Kok Thay of global casino group Genting, and Vincent Tan of lottery specialist Berjaya Corp Bhd, about the possibility of putting a casino in a struggling US$100-billion real estate development that has Chinese backing, called Forest City in Johor, close to the border with Singapore. That is according to a Thursday report by Bloomberg, citing people it did not name, but said were familiar with the matter. Genting runs what is currently Malaysia’s only casino resort, Resorts World Genting, at Genting Highlands, outside the national Kuala Lumpur. The talks involving Prime Minister Anwar Ibrahim were said to have taken place last week, at the Forest City site. Bloomberg said one of Forest City’s backers, Chinese real estate firm Country Garden Holdings Ltd, was in favour of such a move. Country Garden has recently seen its shares suspended on the Hong Kong Stock Exchange, due to a delay in its financial reporting. The current ceremonial monarch of Malaysia, Sultan Ibrahim Iskandar, who is also sultan of Johor state, is said to hold more than 20 percent of the joint venture vehicle involving Country Garden that is the master developer of Forest City. The report said the monarch was represented at the talks. Bloomberg cited a spokesperson for Berjaya as saying it was not aware of any talks between Mr Tan and the Prime Minister regarding Forest City. The news outlet added that neither Genting, Country Garden, or the monarch’s office, responded to request for comment. https://www.ggrasia.com/malaysia-govt-mulls-second-genting-casino-says-report/ genting wont bid becos of canabalization while limpeh's favorite tiko towkay vincent most likely is full of hot air. back in 2005 or so, towkay vincent was looking to offer english premier league betting in bolehsia but apparently somehow got derailed by 2010. https://content.time.com/time/subscriber/article/0,33009,733838,00.html and way b4 in 2002 or so, towkay vincent was alrdy looking to open casino near gbw in jb liao. Please sign in or sign up for an account to view this content. so if there is biz jv with towkay vincent, 85% chance wont happen. and even if the sultan of jb wants to, the federal zheng hu most likely will use parliamentary pressure to prevent the casino. Edited April 25 by socrates469bc Link to comment Share on other sites More sharing options...
socrates469bc Posted April 25 Share Posted April 25 4 hours ago, meng.huat said: if the johor sultan nods his head, it is go ahead not so simple firstly, becos casino licensing is controlled by the federal zheng hu and most likely federal zheng hu will reject since they dont want to get into any political firestorm. secondly, there will be political pressure from islamic parties and from genting. and lastly, the economics will not work after 5 yrs. wahahahahahahahahahahahahahaha 1 Link to comment Share on other sites More sharing options...
The_King Posted April 25 Author Share Posted April 25 29 minutes ago, socrates469bc said: genting wont bid becos of canabalization while limpeh's favorite tiko towkay vincent most likely is full of hot air. back in 2005 or so, towkay vincent was looking to offer english premier league betting in bolehsia but apparently somehow got derailed by 2010. https://content.time.com/time/subscriber/article/0,33009,733838,00.html and way b4 in 2002 or so, towkay vincent was alrdy looking to open casino near gbw in jb liao. Please sign in or sign up for an account to view this content. so if there is biz jv with towkay vincent, 85% chance wont happen. and even if the sultan of jb wants to, the federal zheng hu most likely will use parliamentary pressure to prevent the casino. i hope they vote in PAS, they are useful. with them many concert is ban in MY 2 Link to comment Share on other sites More sharing options...
aaur4man Posted April 25 Share Posted April 25 30 minutes ago, socrates469bc said: and lastly, the economics will not work after 5 yrs. wahahahahahahahahahahahahahaha anyone over there got a better idea? 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted April 25 Share Posted April 25 38 minutes ago, aaur4man said: anyone over there got a better idea? Please sign in or sign up for an account to view this content. 1 Link to comment Share on other sites More sharing options...
meng.huat Posted April 25 Share Posted April 25 1 hour ago, socrates469bc said: and lastly, the economics will not work after 5 yrs. china hot money will drive it 1 Link to comment Share on other sites More sharing options...
aaur4man Posted April 25 Share Posted April 25 14 minutes ago, socrates469bc said: Please sign in or sign up for an account to view this content. wait long long 1 Link to comment Share on other sites More sharing options...
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