Malaysia News - Page 3

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Malaysian Official Resigns Over Gambling Debts

13 July 2005

International News Brief: Datuk Seri Osu Sukam has resigned as the Papar Umno division chief, after his gambling debts of RM7.1 million became a millstone for him.

'A Good Boss, Attentive and Careful Spender'

11 July 2005

International News Brief: After relinquishing the Chief Minister’s post in 2001, Datuk Seri Osu Sukam has now found himself in the limelight with reports of his RM7.14 million gambling debts.

Malaysian Official Criticized by Prime Minister

8 July 2005

International News Brief: He may have been spared from having to repay a RM7.1 million gambling debt but Datuk Seri Osu Sukam could not escape the wrath of the Malaysian Prime Minister.

Malaysian Court Quashes Casino's Debt Bid

6 July 2005

International News Brief: A Malaysian court in Kuala Lumpur has quashed a London casino’s bid to recover a gambling debt of more than €1.47 million racked up by a senior politician in the country’s ruling party.

Gambling Ring Busted, Couple Held

19 April 2005

International News Brief: A Malaysian couple were receiving stakes of up to RM30,000 per day in their illegal betting operation.

Malaysian Official Calls for Ban to Gambling

5 April 2005

International News Brief: Debates in the late evening were livened up for a moment when Lim Hock Seng urged the Malaysian Government to ban all forms of gambling, especially nombor ekor.

Bookie, Punters Fined for Taking Bets Via Internet

14 March 2005

International News Brief: A soccer bookie was on Friday fined RM30,000 in default 12 months' jail whilst two punters fined RM2,000 each in default one month's jail for taking bets via the internet on Euro 2004 soccer on July 5 last year.

Seized Chips Were for Illegal Casino

1 March 2005

International News Brief: Malaysian Police believe that an illegal gambling syndicate busted last week may have intended to use gambling chips, found in an apartment in Cheras, to open an illegal casino here.

Genting Poised to Reap Benefits

4 January 2005

International News Brief: The Genting group will celebrate its 40th anniversary this year on a high note as it is poised to reap the benefits of its expansion in Britain as well as the higher number of tourist arrivals anticipated at its hill resort.

Stake in London Clubs to Help Genting Expansion

23 December 2004

Genting Bhd.'s increased stake in London Clubs will help Asia's largest publicly traded casino operator diversify amid rising competition in the region, investors and analysts said.

Malaysian Government Won't Abolish Gambling

16 December 2004

International News Brief: The Malaysian Finance Ministry Parliamentary Secretary Datuk Dr Hilmi Yahya said the present number of three draw days per week would stay and that the government had no plan to completely abolish legal gambling.

Malaysian Cops Smash Betting Ring

30 November 2004

International News Brief: Malaysian police arrested four men for allegedly running an illegal soccer betting ring that raked in more than US$39.4 million over the past year, a news report said Tuesday.

Genting Shares Hit Eight Month High

25 November 2004

International News Brief: Shares of Genting Bhd, Asia's biggest publicly traded casino group, rose to an eight-month high on expectations that its plan to develop Las Vegas-style casinos in Britain with the UK's Stanley Leisure Plc will bolster profit.

Malaysian Former Princess Blew Millions in Gambling

22 November 2004

International News Brief: A former Malaysian princess is alleged to have racked up millions in gambling debts at the Ritz casino in London.

Malaysian Gaming Companies Dominate Limelight

14 October 2004

International News Brief: Malaysia’s gaming stocks hogged the limelight yesterday with investors beginning to see better earnings prospects for the sector in the current financial year driven by higher consumer spending.

Genting Aims to Grow

4 October 2004

International News Brief: Malaysia’s sole casino group Genting is betting on becoming a bigger regional power player in what is seen as a move to further cut its dependence on gamblers' wagers amidst rising regional competition.

Malaysian Casino Plan Proposed

24 September 2004

International News Brief: A Malaysian government backbencher today suggested that a casino be built in Sabah to develop the state’s tourism industry and economy.

More Casinos to Impact Asia

16 August 2004

International News Brief: The opening of more casino industries in the Asian region will present more opportunities for operators to expand but it could also pose a threat to their existing businesses due to increased competition, according to GK Goh Research.

Gambling Ring On Pulau Besar Busted

15 July 2004

International News Brief: Malaysian police crippled a horse racing gambling syndicate operating in the open on the beach of Pulau Besar in Mersing.

Malaysian Police Raid Two Gambling Dens, Arrest 37 People

13 July 2004

International News Brief: Malaysian Police raided two gambling dens following complaints that the premises were open until wee hours of the morning.

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