Malaysia's only casino is in the political crosshairs as an Islamic party calls for its closure [Fortune]
GENTING BERHAD SPONS ADR (GEBHY)
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Source: Fortune
The government of Malaysia, a Muslim-majority country, granted a casino license to Genting Berhad, a Malaysia multinational best known for its leisure and hospitality business, in 1969. The license has to be renewed every three months. But the rising influence of Islamic parties in Malaysia could threaten Genting's more than 50 year history as a purveyor of casino gambling at its resort in the Genting Highlands in the state of Pahang. “Gambling is harmful, so we have to close it,” Andansura Rabu, deputy commissioner for Parti Islam SeMalaysia (PAS), said Sunday at the political party's annual gathering. Genting did not immediately respond to a request for comment. PAS, as part of an opposition coalition, controls four of Malaysia's 13 states, and hopes to capture Pahang, the Genting casino's home, in the next general election which must be held by early 2028. By coming out against gambling, PAS could be trying to appeal to Malaysia's Muslim majority. (Gambling is forbidden
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