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Rumour: Malaysia Considers Opening Casino in 'Forest City' Co-Developed w/ CG
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Malaysia's Prime Minister Anwar Ibrahim met last week with Berjaya Corp founder Vincent Tan and Genting Group Chairman Lim Kok Thay to discuss opening a casino in Johor's Forest City in a bid to revive the US$100 billion property project, Bloomberg News reported, citing sources. Forest City is a project developed jointly by COUNTRY GARDEN (02007.HK) and the Johor state government in Malaysia in 2015. According to company documents, Malaysia's Supreme Head of State controls more than 20% of the joint venture. It is expected that members of the royal family or agents of the Supreme Head of State may also be invited to take a stake in the casino, with CG also hoping to open a casino in Forest City. It is learnt that the talks are still at a preliminary stage and it is not yet clear what the Malaysian government's final stance is on the casino project, as it is possible that it may arouse objections from Muslims. AAStocks Financial News |
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