<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

KUALA LUMPUR (Nov 15): Malaysia’s economic growth decelerated in the third quarter as expected though the pace remained brisk, thanks to resilient investments, higher exports and expansion in household spending.

Malaysia’s economy expands a tad slower in 3Q, still on track with 2024 forecast

MR DIY Group (M) Bhd’s (KL:DIY) shares fell to their lowest in three months on Friday amid weaker-than-expected third-quarter earnings, prompting analysts to cut their earnings forecasts due to weak consumer sentiment and lower spending power.

MR DIY shares fall to three-month low as quarterly results miss expectations

Trinity Group Sdn Bhd officially launched its latest condominium development named Trinity Sensoria in Beverly Heights, Ampang on Thursday. The project is a joint venture with Singapore-based property developer Oxley Holdings Ltd.

Trinity Group, Singapore-based Oxley Holdings officially launch Trinity Sensoria condo in Ampang

KUALA LUMPUR (Nov 15): Fertilizer manufacturer Cropmate Bhd has unveiled the prospectus for its ACE Market initial public offering (IPO) to raise up to RM52 million, as part of its plan to purchase new factories and expand operations.

Fertilizer firm Cropmate unveils prospectus for RM52 mil IPO, priced at 20 sen apiece

Gold traded little changed on Friday, but was set for its worst week in more than three years, hurt by a stronger US dollar amid expectations of fewer Federal Reserve rate cuts.

Gold faces worst week in more than three years on bets of slower US Fed easing

Lim Guan Eng’s undersea tunnel graft trial scheduled on Friday has been postponed as key witness Datuk Zarul Ahmad Mohd Zulkifli was down with fever and placed on medical leave.

Guan Eng's Penang undersea tunnel graft trial postponed as key witness is unwell

When tabling Budget 2025, the prime minister announced that the country would implement a carbon tax on the iron, steel and energy industries by 2026. It was a much awaited announcement as implementing a carbon tax can cultivate a sustainable physical and business environment amid the ever-evolvi...

My Say: Carbon tax to facilitate net zero transition

SHAH ALAM (Nov 15): S P Setia Bhd (KL:SPSETIA) is launching semi-detached homes, named Ambrosia II, in its ongoing Setia Bayuemas township development at Klang, Selangor, this weekend. The new phase has a gross development value (GDV) of RM69.39 million.

S P Setia to launch RM69.39m semidees in Setia Bayuemas, Klang this weekend

KIP Real Estate Investment Trust (KL:KIPREIT) has acquired a 1.15-acre, or 4,663 sq m, property in Gerik, Perak for RM14.8 million.

KIP REIT acquires 1.15-acre retail asset in Gerik for RM14.8m

China's factory output growth slowed in October and demand woes in the property sector showed few signs of abating even though consumers seemed to perk up a bit more, backing calls for more stimulus to get the economy firing on all cylinders.

China's October data shows soft economic underbelly, backs calls for more stimulus

<p>WASHINGTON (Nov 14): No major US trading partner manipulated its currency in the year to June 30, the Treasury Department said on Thursday in the Biden administration's final semi-annual currency report before turning over policing of foreign exchange practices to President-elect&nbsp;Donald Trump.</p>


US Treasury finds no currency manipulation by major trading partners, drops Malaysia off from its monitoring list

<p>Here is a brief recap of some corporate announcements that made the news on Thursday.</p>


Bumi Armada, MISC, Berjaya Food, Mr DIY, Prolintas, Lysaght, Keyfield, Teo Seng, YTL Power, Ranhill Utilities, Seal and LBS Bina

<p>While trade tensions between the US and China are bringing more investments to Southeast Asia, including Malaysia, worries over slower global growth and higher costs loom, according to Malaysia’s trade and investment chief.</p>


Zafrul flags longer term pain from US-China rift

<p>KUALA LUMPUR (Nov 15): Shares of Metro Healthcare Bhd (KL:METRO) edged higher on Friday in its trading debut on the ACE Market, after the fertility and maternity specialist raised RM39.16 million from its initial public offering (IPO).</p>


Metro Healthcare ekes out tiny gain on ACE Market debut after RM39 mil IPO

<p>Malaysian Prime Minister Datuk Seri Anwar Ibrahim’s government faces criticism after it awarded a tender to build the country’s second 5G network to one of the smallest players in the telecommunications industry.</p>


Anwar faces scrutiny over 5G tender pick

<p>The US dollar was poised for big weekly gains on Friday, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields higher, leaving Wall Street and European futures in the red.</p>


Dollar sits atop one-year peak as Powell sends yields up, China data mixed

<p>KUALA LUMPUR (Nov 15): Shares of Berjaya Food Bhd (KL:BJFOOD) extended decline to their lowest in six weeks on Thursday, after the café-and-restaurant operator reported its fourth consecutive quarter of losses.</p>


Berjaya Food shares extend decline to six-week low after another quarterly losses

<p>&nbsp;Nissan Motor Co will have a year of breathing space in 2025 before hitting a record bond maturity wall as concerns mount about its ability to generate cash.</p>


Nissan faces record debt bill with one year left to fix finances

<p>Vietnam President Luong Cuong forcefully warned of the dangers of a world with higher tariffs, one of the strongest criticisms so far of US President-elect Donald Trump’s approach to trade as world leaders gather this week in Peru.</p>


Vietnam leader warns trade wars lead to poverty in dig at Trump

<p>The proposed merger between Bumi Armada Bhd (KL:ARMADA) and MISC Bhd’s (KL:MISC) offshore businesses is expected to result in MISC holding a 68% majority stake in the new entity, with a combined valuation of RM14.6 billion, according to CIMB Securities.</p>


MISC likely to hold 68% stake in Bumi Armada merger, with RM14.6b combined valuation

<p>MR DIY Group (M) Bhd’s (KL:DIY) shares fell to their lowest in three months on Friday amid weaker-than-expected third-quarter earnings, prompting analysts to cut their earnings forecasts due to weak consumer sentiment and lower spending power.</p>


<p>Stocks fell after Jerome Powell signalled there’s no need for the Federal Reserve to rush with rate cuts as the economy is holding up.</p>


Stocks get hit as Powell’s remarks curb US Fed wagers

<p>President-elect Donald Trump ruled out giving a post to JPMorgan Chase &amp; Co’s Jamie Dimon in his second-term administration in a jab at the prominent Wall Street chief executive officer.</p>


Trump says no Dimon in administration, picks Kennedy for cabinet

<p>US regulators led by the Federal Reserve have refused to endorse a plan that would have seen the Basel Committee on Banking Supervision push lenders to disclose their climate risk, according to people familiar with the matter.</p>


Fed refuses to back Basel climate plan, leaving talks in limbo

<p>LIMA,&nbsp;Peru (Nov 15): Malaysian Prime Minister&nbsp;Datuk Seri Anwar Ibrahim held a discussion with technology giant Google&nbsp;in the capital of Peru&nbsp;on Thursday (Nov 14), focusing on&nbsp;data centres and artificial intelligence (AI).</p>


Anwar meets Google rep, discusses boosting AI and data centre ecosystem

<p>President-elect Donald Trump's transition team is planning to kill the US$7,500 (RM33,666) consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told <i>Reuters</i>.</p>


Trump's transition team aims to kill Biden EV tax credit

<p>KUALA LUMPUR (Nov 15): A local egg importer company’s libel suit against former minister Datuk Seri Azmin Ali has been dismissed.&nbsp;</p>


Egg importer’s suit against Azmin Ali dismissed

<p>Chinese President Xi Jinping launched a week-long diplomatic blitz of South America on Thursday by inaugurating a massive deep-water port in Peru, a US$1.3 billion (RM5.8 billion) investment by Beijing as it seeks to expand trade and influence on the continent.</p>


Starting Latin America trip, Xi Jinping opens huge port in Peru funded by China

<p>LIMA, Peru (Nov 15): In a world increasingly dominated by artificial intelligence (AI) and digital technologies, the Malaysian government also recognises that bridging the digital divide is crucial for equitable development across all segments of society.</p>


Anwar: Tech, AI is beyond just an access

<p>KUALA LUMPUR (Nov 15): Fertilizer manufacturer Cropmate Bhd has unveiled the prospectus for its ACE Market initial public offering (IPO) to raise up to RM52 million, as part of its plan to purchase new factories and expand operations.&nbsp;</p>
