The news about Johor going to build resorts casino has
spread widely recently. Based on the sources, Malaysia tycoon controlled
Berjaya Group will build the casino inside Berjaya Waterfront once obtained the
gambling license from government.
Recently Berjaya Group has purchased Johor Bahru Berjaya Waterfront. At this moment Berjaya Waterfront's retail spaces is undergoing construction and renovation. There are the rumors that it is building casino.
Based on insider source, Berjaya Group plan to have a make over renovation for the Berjaya Waterfront retail spaces and hotel, bring in up market branded shops and restaurants, and in future followed by resorts casino comprising of gambling slot machines.
Where is Berjaya Waterfront hotel and retail mall? Well, Berjaya Waterfront is the previously well known The Zone hotel and Free Tax Zone retail mall. Berjaya Waterfront is built alongside seaside of Stulang Laut, and the opposite of the sea is Singapore country. Because it is free tax zone, it draws quite a lot of local and Singaporean to there for alcohol and cigarette and food.
Local Chinese leader and merchant association believe the opening of casino can bring benefit to Johor state government and local people, stimulate the economy and job creation for more job opportunities, but cautious that government must set entry measures to Malaysian to avoid the negative gambling effects arising from casino.
Malaysia small and medium enterprise association leader said that the opening of resorts casino in Johor Bahru can bring domino effects to surrounding property market values to new height and create more job vacancy resulting in huge economic benefits in Iskandar Malaysia developments. However, government must aware of potential social problems arising from the gambling and take preventive measures.
Malaysia financial magazine "The Edge" quoted sources previously said Johor Sultan Ibrahim bought 20% market share of subsidy company of Berjaya Group, Berjaya Asset (BJASSET). Following with the purchase, news widespread about the intention of Vincent Tan, the owner of Berjaya Group is planning to develop large scale resorts casino in Johor Bahru, comprising of gambling slot machines, up market restaurants and branded retail mall to compete for market share from Singapore both Integrated Resort Marina Bay Sands and Resort WorldSentosa.
Recently Berjaya Group has purchased Johor Bahru Berjaya Waterfront. At this moment Berjaya Waterfront's retail spaces is undergoing construction and renovation. There are the rumors that it is building casino.
Based on insider source, Berjaya Group plan to have a make over renovation for the Berjaya Waterfront retail spaces and hotel, bring in up market branded shops and restaurants, and in future followed by resorts casino comprising of gambling slot machines.
Where is Berjaya Waterfront hotel and retail mall? Well, Berjaya Waterfront is the previously well known The Zone hotel and Free Tax Zone retail mall. Berjaya Waterfront is built alongside seaside of Stulang Laut, and the opposite of the sea is Singapore country. Because it is free tax zone, it draws quite a lot of local and Singaporean to there for alcohol and cigarette and food.
Local Chinese leader and merchant association believe the opening of casino can bring benefit to Johor state government and local people, stimulate the economy and job creation for more job opportunities, but cautious that government must set entry measures to Malaysian to avoid the negative gambling effects arising from casino.
Malaysia small and medium enterprise association leader said that the opening of resorts casino in Johor Bahru can bring domino effects to surrounding property market values to new height and create more job vacancy resulting in huge economic benefits in Iskandar Malaysia developments. However, government must aware of potential social problems arising from the gambling and take preventive measures.
Malaysia financial magazine "The Edge" quoted sources previously said Johor Sultan Ibrahim bought 20% market share of subsidy company of Berjaya Group, Berjaya Asset (BJASSET). Following with the purchase, news widespread about the intention of Vincent Tan, the owner of Berjaya Group is planning to develop large scale resorts casino in Johor Bahru, comprising of gambling slot machines, up market restaurants and branded retail mall to compete for market share from Singapore both Integrated Resort Marina Bay Sands and Resort WorldSentosa.
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| Berjaya Group |
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