Mohamed Inmran Sahul Hamid
KUALA LUMPUR, July 30 — Last week, number forecast operator Multi-Purpose Holdings told the stock exchange that its subsidiary Magnum Corporation had received government approval for a new four-digit (4-D) game that would incorporate a jackpot element.
This follows Kuala Lumpur's decision last October to award all three 4D gaming companies — Berjaya Sports Toto, Magnum and Tanjong plc — 10 more special draws a year. Each draw typically adds about RM20 million to total sales.
Such decisions demonstrate Prime Minister Datuk Seri Najib Razak's unusual pragmatism. He doubles as finance minister and thus oversees the gaming sector and such decisions leave Najib vulnerable to attack from the opposition Islamic party which could easily accuse the government of being unIslamic.
business times singapore
KUALA LUMPUR, July 30 — Last week, number forecast operator Multi-Purpose Holdings told the stock exchange that its subsidiary Magnum Corporation had received government approval for a new four-digit (4-D) game that would incorporate a jackpot element.
This follows Kuala Lumpur's decision last October to award all three 4D gaming companies — Berjaya Sports Toto, Magnum and Tanjong plc — 10 more special draws a year. Each draw typically adds about RM20 million to total sales.
Such decisions demonstrate Prime Minister Datuk Seri Najib Razak's unusual pragmatism. He doubles as finance minister and thus oversees the gaming sector and such decisions leave Najib vulnerable to attack from the opposition Islamic party which could easily accuse the government of being unIslamic.
business times singapore
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