PETALING JAYA: Significant capacity expansions by casinos in the region have resulted in intensifying competition for Genting Malaysia Bhd ’s casino business, particularly in its mass and premium-mass segment.

Affin Hwang Capital Research said casinos in Cambodia, Philippines and Vietnam have recently expanded their capacities, emerging as Genting Malaysia’s “biggest competition threat” in the two segments.

It noted that Myanmar had also passed a new law in May to legalise gaming, leaving Thailand and Brunei as the only two countries within the Asean region in which casinos are still illegal.

While Malaysia had previously benefited as one of the few countries in the region with a legal large scale casino, more countries are starting to embrace gaming as another source of revenue, the research house said.

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