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After much speculation on the reason of suspension since yesterday 2.30pm, Multi-Purpose Holdings Bhd ( MPHB ) finally unveil its answer. An memorandum of understanding (MOU) was signed with two parties (as elaborate further below) seeking to take over its associate Magnum Holdings Bhd. This would cost MPHB around RM1.65 billion to complete the exercise. MOU with CVC Capital Partners Asia Pacific group To acquire the remaining 49% stake in Magnum To acquire RM674.65 mil nominal value RCULS-C Total costing RM1.627 billion Acquisitions via 343.82 mil new MPHB shares at RM2.30 each and RM 809.20 mil cash MOU with Management of Magnum To acquire 2 mil magnum shares or 2% equity interest To acquire RM4.86 mil nominal value of RCULS-C together with all accrued interest remaining unpaid Total purchase costing RM37.20 mil Acquisitions via 16.17 mil new MPHB shares at RM2.30 each What is the rationale behind? MPHB said the proposed acquisition will enable MPHB to have 100% ownership in Magnum ...

Just one week left before the Rabbit Year CNY, local and international press are publishing the high-profile Stanley Ho's family feud. While we're busily shopping during this festive season, many people are chasing the " family drama ", just like another popular Hong-Kong based production. Maybe, TVB's directors should consider converting the reality into a story-line drama/movie. I'm sure this could be a blockbuster-liked production. Hong Kong and Macau tycoon Stanley H o SJM Holdings' most popular casino, Grand Lisboa Obviously, fighting for money is very common nowadays especially for those wealthy families. To spice it up, the bigger the family was, the conflicts gets even greater. Reportedly, Stanley Ho who has 4 branches of family and 17 children sure will intensified the degree of fighting. Source: Wikipedia Who is Stanley Ho? Stanley Ho, also known as Ho Hung-sun, is an entrepreneur in Hong Kong and Macau.  Nickname " King of Gambling "...

With the Asian economies leading in the run up to the global economic recovery, it is expected that the gaming and hospitality sector in Asia would be positioned for growth. Supported by a stead fast growing population and rising income, the gaming and hospitality sector in Asia is thus expected to flourish. On such expectation OSK-UOB offer investor a new fund that will seek to capitalize on the expected growth of this sector in the Asian region, particularly in Macau and Singapore whilst protecting* investors' capital. This is a 4-year close-ended capital protected* fund which aim to provide regular income over the medium term whilst protecting investors' capital* on the maturity date. This fund is suitable for investors who: have a low risk tolerance; seek capital protection*; share our view on the growth potential of the Asian gaming and hospitality sector during the run up to the world economic recovery; have a medium term horizon (4-year); seek regular income Offer Peri...

Recently, market talk has increased on the possibility of an approval of a sports betting license in Malaysia. What? Malaysia? YES … Introduction to Sports Betting… For “kaki bola”, sports betting definitely not a strange activity for them – I am not saying that every ‘kaki bola’ also bets. As long as there was demand, almost any kind of sports in the world can become a common interest for betting. Example, tennis, baseball, badminton, golf, F1 racing, and even sepak takraw… Of course, we can not left out world’s most popular sports – football. According to some estimates, the illegal gaming syndicate market size is about RM10 billion , similar to the current 4D market size, of which the majority is from sports betting.    Further liberalization of gaming industry? In Malaysia, 4D is the only legal betting activity that existed, besides going up to Genting Highlands. On the whole, further liberalization are positive, given that this would help enlarge the government revenue p...