But opening a 2nd casino in Malaysia could prompt political backlash from the Malay-Muslim majority.
KUALA LUMPUR – Malaysia is looking at allowing a casino to operate in the RM450 billion Forest City project in Johor, which would revitalise the troubled reclaimed islands.proposals for the Johor-Singapore Special Economic Zone ,
Two sources, who asked not to be named, confirmed the meeting at the development during his April 18 visit to Johor, during which the Premier proclaimed the southern state would be Malaysia’s most developed with economic growth outpacing the rest of the country.Datuk Seri Anwar’s remarks were made after a series of meetings focused on the SEZ as well as a Special Financial Zone – offering special tax rates and visas – in Forest City.
An official source said those involved wanted to “float the balloon to see what the reaction is” first. “There has not been a strong pull factor. A casino would have major spillover effects as high-value individuals would make footfall here and boost other commercial sectors,” one tycoon with wide business interests in the state told ST.
Although Johor’s state government claimed on April 22 that 70 per cent of properties in Forest City have been sold, it has repeatedly been dubbed a “ghost town” due to low occupancy. PHOTO: FOREST CITY According to its annual reports, Genting Malaysia – which mainly runs the highland resort, a couple of beach resorts in Malaysia and small operations overseas – contributed nearly RM5 billion to government coffers annually before the Covid-19 pandemic hit in 2020.
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