Malaysian Group Gambling Company Applies For Remote Bookmaker’s License In UK

remote bookmakers license
Reading Time: 4 Min
Image: Shutterstock
Malaysian group Genting Berhad’s property, Genting, is applying for an offshore bookmaker’s license to the Minister of Justice and Equality in Europe. The company currently owns 37 casinos in the British Territory.

Many companies are rushing to expand to Europe because it provides the biggest gambling market in the world. European countries started to relax their gambling regulations, paving the way for the success of many casinos and sportsbooks. Europe has a long history of gambling, as shown by the swarm of people who visited casinos during the reopening.

During the lockdowns, Many Europeans subscribed to online sportsbooks and casinos in the absence of bricks and mortar casinos. When government restrictions started to relax, operators started the reopening, welcoming back their patrons. The reopening of the casinos showed success, encouraging more operators to expand their operations.

Genting’s application for a certificate of personal fitness

Genting’s application for license showed how investors see the future of gambling in the region. Genting Berhad was based in Kuala Lumpur with a reported income of RM21.6bn last year. The company, which owns oil and gas subsidiary, have casino operations in Malaysia, the UK and the US.

The company is listed in the Bursa stock exchange in Kuala Lumpur, with a market value of around RM23.3bn last year. The company plans to operate a remote bookmaker in the UK to allow gamblers in the region to place bets on games in casinos and sports events in other countries through the internet and telephone.

Operators who applied for remote bookmaker’s license operated online betting sites. The company plans to offer its GentingBet brand in the UK. The brand provides sportsbook, live casinos, and online slots.

The company’s website said gamblers from Ireland are not allowed to gamble in GentingBet. The company applied on June 4 from its Base in Malta.

Genting reopens casinos in Malaysia

Genting Malaysia reopens its two casinos following relaxed government measures. On June 18, the company announced to resume the operation of four Malaysian hotel resorts. The group’s website said it’s biggest properties will remain closed. The Malaysian Prime Minister announced the country’s Recovery Movement Control Order, which will open the country’s businesses until August 31, 2020.

Resorts World Genting said they’d restructured their process and provided a safety plan in line with the government’s protocols during the reopening. Genting casinos resumed operations following social distancing protocols.

Employees and guests were required to wear masks and tested for temperature before entry to the casinos.

The casino ensured to deploy service ambassadors trained to face their patrons. The employees will guide and assist guests in ensuring that the enhanced safety measures are followed. The casinos also installed sanitation stations to secure the safety and health of clients.

The company also announced the reopening of its Resorts World Awana on Friday. They plan to operate its Awana Skyway cable car and express buses.

Genting Malaysia resumed operations of retail shopping outlets at its property in England. The operator prepared its properties for the reopening, which will start on July 4 in the UK, as approved by the industry regulators.

Relevant news