Project intended for Berjaya Hills, owned by Berjaya Corp.

Malaysian billionaire to invest in new casino complex

2014-06-19
Reading time 22 seg
(Malaysia).- Vincent Tan may invest more than USD 93 billion to build a casino complex in the state of Pahang, if authorities approve a plan for what would be the country’s second casino. Tan aims to apply for a license to operate a casino in Berjaya Hills, a resort area owned by Berjaya, in which he is the largest shareholder with a 23.03 percent stake.

Malaysia’s only existing casino is owned by gaming-to-plantations conglomerate Genting Bhd, which saw US$ 14 billion in revenue come from the casino in the first quarter this year.

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