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Malaysian Billionaire Vincent Tan Wants to Open a Casino in Pahang

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Malaysian billionaire Tan Sri Vincent Tan is hoping to acquire a license to operate a casino in Pahang. The founder of the Berjaya Corp Bhd (BCorp) wants to apply for a license to operate a casino at the Berjaya Hills Resort in Pahang.

The business mogul said that he has plans to invest up to RM3bil to set up a casino complex, complete with indoor and outdoor theme parks, food outlets, retail outlets, hotels, a convention centre and holiday homes in the resort area.

Tan Sri Vincent Tan may be the founder of BCorp, but he has resigned from the company to give way to his son, Datuk Robin Tan. Despite that, the tycoon still remains the single largest shareholder in the group with a 23.74% stake.

According to some analysts, it was unlikely the Government would grant any new casino license. This is the second time the business tycoon is attempting to apply for a casino license. His first attempt was more than 10 years ago, and was rejected due to protests from various social groups.

The Genting Group remains the sole casino operator in Malaysia.

Story from: The Star

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