Alderney Licence For Genting Stanley

Published: Friday, March 14, 2008 Online-Casinos.com

ALDERNEY LICENCE FOR MALAYSIAN ONLINE GAMBLING

Genting Stanley awarded online gaming licence


The Malaysian gambling group Genting International plc has announced that it has received an online gaming licence from the Alderney Gambling Control Commission (AGCC) in the British Channel Islands.

The licence was received via wholly owned unit Genting Stanley Alderney Ltd (GSAL). Permission to go live was still subject to AGCC's approval of the Internal Control System and the Gambling Equipment, it said in a statement.

The company said GSAL anticipated its online gaming business would commence in "the later part of the second quarter of 2008".

On January 3, 2008 Genting International said it had secured approval from the Singapore Exchange Securities Trading Ltd for the conduct of gaming operations including online gaming from Alderney, British Channel Islands and/or Britain.

Further details will be made available in due course.

The receipt of the online gaming licence and anticipated commencement of the online gaming business were not expected to have any material impact on the consolidated net tangible assets and earnings per share of Genting International for the financial year ending December 31, 2008, the statement added.