Genting Berhad has announced that its financing arm has issued RM 495 million (approximately US$104 million) in medium-term notes (MTNs) as part of a broader RM 10 billion programme. These notes carry a one-year tenure and offer interest at one-month KLIBOR plus 1.80 % per annum. The proceeds will be used to help finance its takeover of Genting Malaysia Berhad, with the acquisition offer announced on 13 October 2025.
South Korea’s only casino operator that permits domestic players, Kangwon Land, has provided an update on its “Value-Up Plan”, originally unveiled in October 2024 and targeting achievement by end-2026. The plan is focused on enhancing shareholder value through three main targets: a 60% total shareholder payout ratio, a price-to-book ratio (PBR) of 1.2x, and full (100%) compliance with key corporate governance metrics.
Malaysia’s gaming and hospitality group Genting Berhad has announced that its direct shareholding in its listed subsidiary Genting Malaysia has climbed to 60.609% as of 19 November 2025, following the acceptance of 171 million shares at RM2.35 per share. This marks a significant increase from its previous holding of roughly 49.44% before mid-October.
Australia’s Star Entertainment Group is set to cut up to 40 senior roles in a cost-reduction move ahead of the US gaming company Bally’s Corporation formally taking control. According to a report in the Australian Financial Review, Star distributed an internal memo indicating the restructure would “align with the group and property strategies” but it acknowledged that “some job losses … will be challenging for people”.
New research commissioned by the industry body Responsible Wagering Australia (RWA) and carried out by H2 Gambling Capital has estimated that Australia’s illegal offshore gambling market has surged to approximately AU$3.9 billion (about US$2.53 billion) per year as of 2025, more than doubling since 2019.
Author: Janice Chew • Saturday, 22/11/2025
