Malaysia Weighs Casino License to Revive Forest City
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 24 2024
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Should l Buy GENT?
Source: Bloomberg
- Discussion on Casino in Forest City:
- Malaysia is considering opening a casino in Forest City, aiming to revive the struggling property project.
- Talks involve prominent tycoons and the country's monarch, King Ibrahim.
- The idea of a casino could face backlash in the Muslim-majority nation where gambling is not favored.
- A casino would benefit Forest City's development, attracting residents and boosting revenue.
- The existing casino contributed significantly before the pandemic, and a new one could generate government revenue.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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