Genting has the only casino license in Malaysia, and it must be renewed each quarter.

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Genting opened its first casino in 1971 in Malaysia and now operates sites in the Philippines, United Kingdom, Singapore and the Bahamas.

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Hoguet also likes Genting, a gaming company, with operations in Malaysia, Asia-Pacific and Europe.

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Unfortunately, the execution has been handicapped in the U.K., where a sudden tax increase and a ban on smoking in the past year have hurt Genting International, which includes the group's casinos outside of Malaysia.

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