MALAYSIA -- Reports from local media state that listed Genting Berhad, the parent and holding company of the Genting Group, has sealed a deal with Tanjong PLC to acquire the latter's lottery business.
Genting and Tanjong are said to sign the deal today, Thursday (July 7), which will effectively transfer control of Pan Malaysian Pools to Genting for the sum of US$832.4 million.
Aside from lottery, Pan Malaysian Pools also operates race totalizer businesses in Malaysia and runs a stud farm. It is said to control 24% of the market share in the number forecasting business in the country.
Source: Macau Business
Posted: July 7, 2011
