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Report: Genting Malaysia casinos face growing competition

PETALING JAYA: Significant capacity expansions by casinos in the region have resulted in intensifying competition for Genting Malaysia Bhd ’s casino business, particularly in its mass and premium-mass segment. Affin Hwang Capital Research said casinos in Cambodia, Philippines and Vietnam have recently expanded their capacities, emerging as Genting Malaysia’s “biggest competition threat” in the two segments. It […]

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Thailand: BoT more amenable but still leery of Libra landing

Bank of Thailand governor Veerathai Santiprabhob has toned down his hostility towards Facebook’s digital currency plan, but he said prudent study of both the benefits and risks of the virtual coin is still needed. The social media giant’s Libra stablecoin would give more opportunities to Thais in financial access, he said, but the digital coin’s […]

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