![]() ![]() Under the new budget plan, casino operators will be required to pay a MYR150-million annual license fee, up from MYR120 million. Stricken by financial scandals and growing budget deficit, Malaysia will implement higher casino and gaming machine license fees as well as higher taxes on those operations as part of its effort to mend its ailing economy, it became known last week. ![]() Malaysian Finance Minister Lim Guan Eng introduced the country’s 2019 budget plan this past Friday. Genting Malaysia Bhd is moving to assess the full implications of the recently introduced increase in annual casino license fees and gambling taxes, the gaming and hospitality company said today in a filing to Bursa Malaysia. Genting Malaysia to review marketing expenditure ahead of the introduction of a higher casino tax ![]()
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