Cambodia poses a growing threat to Malaysia’s gaming industry, says JPMorgan

Casinos in Cambodia enjoy easier rules around online gaming, coupled with less restrictive policies on capacity expansion.

Cambodia’s growing attraction as a tourism and casino hub could pose a real challenge to Malaysia’s gaming giant Genting Malaysia Bhd, said JPMorgan Securities (M) Sdn Bhd.

In a recent note, the international investment bank noted Malaysia is expected to lose its position as the third-largest gaming market in South Asia to Cambodia this year.

“We think this shift accelerates with regional property ramp-up at a time when Genting Malaysia looks to cut promotional spending, driving visitation away from its property. Reiterate ‘Underweight’ on Genting Malaysia,” it said.

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