<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 12): Resorts World Bet, an offshoot of the Genting group, achieved US$500,000 (RM2.34 million) in wagering revenue, as online sports wagering revenue&nbsp;in the New York state rose 21% in February, with a hold percentage of 7.4%, slightly lower than industry standards.</p></div>

<div class=newsTextDataWrapInner><p>In a report on Sunday, North America's gambling industry news source<em> CDC Gaming</em> said handle (money bets) was also up 21%, at almost US$1.8 billion wagered.</p></div>

<div class=newsTextDataWrapInner><p>The report said revenue before taxes was US$131.4 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>One operator, Fanatics Sportsbet, participated in the market for only one day, having launched on Feb&nbsp;29.</p></div>

<div class=newsTextDataWrapInner><p>Although substantially increased handle was seen at DraftKings (up 24%), FanDuel (22%), and BetMGM (20%), only the first two increased revenue.</p></div>

<div class=newsTextDataWrapInner><p>BetMGM lost ground in revenue, while Caesars Sportsbook ceded both handle and revenue alike.</p></div>

<div class=newsTextDataWrapInner><p>DraftKings grossed US$53.4 million on US$608 million in handle, a 59% surge.</p></div>

<div class=newsTextDataWrapInner><p>FanDuel led in both handle (US$720 million) and revenue (US$63.4 million), the latter a 19% increase.</p></div>

<div class=newsTextDataWrapInner><p>BetMGM booked US$130 million in wagers, but realised revenue of only US$600,000.</p></div>

<div class=newsTextDataWrapInner><p>Caesars Sportsbook’s handle (US$161 million) was down 17%. Its revenue of US$6.7 million represented a 21% drop.</p></div>


Resorts World Bet, an offshoot of the Genting group, achieved US$500,000 (RM2.34 million) in wagering revenue, as online sports wagering revenue in the New York state rose 21% in February, with a hold percentage of 7.4%, slightly lower than industry standards.

Genting’s Resorts World Bet achieved US$500,000 wagering revenue in February — report

(Dec 22): One of China’s leading developers is now on authorities’ radar for default risk. A major Hong Kong builder is asking lenders to extend loans. Another industry peer is selling an iconic but largely empty mall in Beijing.

China property flare-ups resurface as crisis enters fifth year

(Dec 22): Indonesia claimed victory after Apple Inc offered to increase its investment in the country to US$1 billion (RM4.50 billion) to get President Prabowo Subianto’s government to lift a ban on the sale of iPhone 16s. The win may be short-lived.

Apple’s US$1b investment may be fleeting win for Indonesia

KUALA LUMPUR (Dec 22): Prime Minister Datuk Seri Anwar Ibrahim stated that the Madani government has implemented strategic initiatives throughout 2024, to drive long-term prosperity for the people and the nation.

2024 economic highlights: Madani government drives long-term prosperity — Anwar

KUALA LUMPUR (Dec 22): The Malaysia International Trade and Exhibition Centre (Mitec), owned by Malaysia External Trade Development Corporation (Matrade), has announced the signing of a memorandum of understanding (MOU) between Qube Integrated Malaysia Sdn Bhd and the Asia CEO Community.

Qube Integrated inks MOU with Asia CEO Community, unveils Mitec card

BEIJING (Dec 22): China's Nio on Sunday said it would launch its new Firefly electric-vehicle (EV) brand in Europe early in the first half of 2025 (1H2025), betting that it would help the company overcome European Union (EU) tariffs.

China’s Nio says new Firefly EV to go on sale in Europe in 1H2025

(Dec 22): The European Central Bank (ECB) will go on lowering borrowing costs in 2025, according to Governing Council member Boris Vujcic.

ECB rate cuts will continue next year, Vujcic tells Croatian state broadcaster

(Dec 22): Cocoa’s rally has soared past all major commodities in 2024, and there’s little sign the tight supply and fragile trading landscape that prompted its near-vertical trajectory are in for a fast fix.

Cocoa caps 2024 as biggest commodity winner. It’s not over yet

PUTRAJAYA (Dec 22): The Early Schooling Aid (BAP) will extended to Form 6 students starting from the 2025/2026 schooling session, with each receiving RM150, said Education Minister Fadhlina Sidek.

Early schooling aid extended to Form 6 students

KUALA LUMPUR (Dec 22): Malaysia is intensifying efforts to deepen economic and cultural ties with Iran, identifying Gilan province as another key hub for collaboration.

Malaysia strengthens ties with Iran, eyes Gilan province as key collab hub

JAKARTA (Dec 22): Indonesian police have detained 18 personnel suspected of extorting Malaysian nationals who attended the Djakarta Warehouse Project (DWP) concert in Kemayoran, North Jakarta.

18 cops detained for alleged extortion of Malaysian fans at Djakarta Warehouse Project concert

<p>Lion Group’s property division, Lion Group Property, is looking to expand its industrial park portfolio, says the conglomerate’s executive chairman Tan Sri William Cheng.</p>


Moving further into industrial parks

<p>(Dec 22):&nbsp;One of China’s leading developers is now on authorities’ radar for default risk. A major Hong Kong builder is asking lenders to extend loans. Another industry peer is selling an iconic but largely empty mall in Beijing.</p>


<p>KUALA LUMPUR (Dec 22): The Health Ministry (MOH) does not take lightly the resignation of more than 6,000 doctors over the past five years.</p>


MOH does not take lightly resignation of over 6,000 doctors over past five years — Dzulkefly

<p>Among all precious gems, diamonds are one of the most sought after and prominent —&nbsp;for good reason. It is their rarity, durability and beauty that inspire&nbsp;the managing director of jewellery company Tomei, Datuk Ng Yih Pyng, to keep them as the focus of his star label, Le Lumiere. With over 30 years of experience under his belt, he has witnessed his fair share of industry evolutions. As technology progresses and diamond reserves begin to run dry, a new competitor — lab-grown stones — has entered the market. What does this mean for the stability of the natural gemstone trade, and what can consumers expect to see in the coming year? Ng gives us his thoughts.</p>


Light fantastic

<p>KUALA LUMPUR (Dec 22): Malaysia is intensifying efforts to deepen economic and cultural ties with Iran, identifying Gilan province as another key hub for collaboration.</p>


<p>(Dec 22):&nbsp;Indonesia claimed victory after Apple Inc offered to increase its investment in the country to US$1 billion (RM4.50 billion) to get President Prabowo Subianto’s government to lift a ban on the sale of iPhone 16s. The win may be short-lived.</p>


<p>KUALA LUMPUR (Dec 22): Prime Minister Datuk Seri Anwar Ibrahim stated that the Madani&nbsp;government has implemented strategic initiatives throughout 2024, to drive long-term prosperity for the people and the nation.</p>


<p>JAKARTA (Dec 22): Indonesian police have detained 18 personnel suspected of extorting Malaysian nationals who attended the Djakarta Warehouse Project (DWP) concert in Kemayoran, North Jakarta.</p>


<p>KUALA LUMPUR (Dec 21): Prime Minister Datuk Seri Anwar Ibrahim held a meeting on Saturday with local and foreign media practitioners to convey the latest developments about the country's direction related to government policies, as well as various current and future issues in Malaysia.&nbsp;</p>


PM conveys country’s development, direction, policies, current and future issues to media practitioners

<p>BEIJING (Dec 22): China's Nio on Sunday said it would launch its new Firefly electric-vehicle (EV) brand in Europe early in the first half of 2025 (1H2025), betting that it would help the company overcome European Union (EU) tariffs.</p>


<p>(Dec 22): Cocoa’s rally has soared past all major commodities in 2024, and there’s little sign the tight supply and fragile trading landscape that prompted its near-vertical trajectory are in for a fast fix.</p>


<p>KUCHING (Dec 21): A supply interruption caused by generator trip at the Bakun Hydroelectric Plant (HEP) on Saturday afternoon has been fully restored to affected consumers in certain parts of Kuching, Sibu, Bintulu and Miri.</p>


Sarawak Energy: Partial power outage fully restored

<p>(Dec 21):&nbsp;The Biden administration is mulling exempting Mexico from tariffs on imported solar equipment, a last-minute change that would primarily benefit Maxeon Solar Technologies Ltd.&nbsp;</p>


Biden mulls tariff break for solar modules from Mexico

<p>ANKARA (Dec 22): Türkiye will do "whatever it takes" to ensure its security if the new Syrian administration cannot address Ankara's concerns about US-allied Kurdish groups it views as terrorist groups, Foreign Minister Hakan Fidan said on Saturday (Dec 21).</p>


Türkiye will do 'whatever it takes' if Syria government cannot address Kurd militia issue, minister says

<p>BENGALURU (Dec 21): Stellantis&nbsp;has reversed its decision to lay off about 1,100 employees at an Ohio Jeep plant, less than three weeks after the abrupt resignation of chief executive Carlos Tavares, the Franco-Italian automaker said late on Saturday.</p>


Stellantis reverses Ohio layoffs weeks after CEO's abrupt departure

<p>PUTRAJAYA (Dec 22): The&nbsp;Early Schooling Aid (BAP) will extended to Form 6 students starting from the 2025/2026 schooling session, with each receiving RM150, said Education Minister Fadhlina Sidek.</p>


<p>KUALA LUMPUR (Dec 22): The Malaysia International Trade and Exhibition Centre (Mitec), owned by Malaysia External Trade Development Corporation (Matrade), has announced the signing of a memorandum of understanding (MOU) between Qube Integrated Malaysia Sdn Bhd and the Asia CEO Community.</p>


<p>(Dec 21):&nbsp;A Starbucks Corp&nbsp;strike of unionised baristas has spread to three more cities in the US, disrupting service during the final days of the crucial holiday season.</p>


Starbucks baristas from three more US cities to join strike

<p>(Dec 22):&nbsp;President-elect Donald Trump selected billionaire Tilman Fertitta as his ambassador to Italy, enlisting a prominent businessman and one-time reality television star for a prime diplomatic post.</p>


Trump taps billionaire restaurateur Fertitta as Italy envoy

<p>(Dec 21):&nbsp;Lara Trump, daughter-in-law of President-elect Donald Trump, said on Saturday that&nbsp; she has removed her name from consideration to replace outgoing US&nbsp;Senator Marco Rubio.</p>
