Under the terms of the agreement, $55m in new equity capital will be invested in the company in exchange for common stock representing just under 50 per cent of the voting power of the company.
Ken Huat is owned by the Lim family trust and Genting is currently Asia’s largest casino operator.
France’s gambling industry recorded its highest gross gaming revenue in 2023, with monopoly operators FDJ and PMU representing 62.7 per cent of the total figure.
The Philippines’ leading gaming operator, Bloomberry Resorts, has announced plans to unveil its Solaire Resort North casino complex by May 25.
The Philippine Amusement and Gaming Corporation has brought in lawyer Wilma Eisma as its new president and chief operating officer – the first woman to hold the role.
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