Aiming to revive the abandoned city of Forest City, "Malaysians" are considering opening a "second casino "!

The Malaysian government is negotiating to "open a casino " in Forest City, a $100 billion real estate project aimed at reviving an abandoned condominium project owned by His Majesty the King.King of Malaysia is one of the shareholders.

Forest City is a high-rise project built on land developed by Chinese real estate company Country Garden, but the real estate giant is facing a liquidity shortage.The Chinese government is strict about its citizens purchasing overseas real estate.As a result of political resistance and the spread of the new coronavirus infection in Malaysia, this Forest City area is quite deserted and lonely.Hence, there is a casino in this area.It could help bring the economy back to prosperity.

Additionally, building a casino would be a good thing. King Ibrahim" is a billionaire businessman who owns more than 20% of a joint venture with Country Garden, and members of the royal family and the king's representatives could be invited to invest in a casino.

Promoting new casinos in Malaysia could be Anwar's main challenge, because he is the leader of the coalition government.This is because he is the leader of a coalition government.Importantly, gambling remains banned in Islam.And Muslims are banned from casinos in Malaysia.Furthermore, gambling is one of the most heavily regulated sectors in Malaysia.Casino licenses must be renewed every three months at the discretion of the Minister of Finance.

However, a new gambling center would help generate revenue for the government.The existing casinos once generated 5 billion ringgit or about 38 billion baht a year.