The Islamic political party in Malaysia, known as Mal Parti Islam Se-Malaysia (PAS), has gained significant traction in both federal and territorial elections. With ambitions to win control of the state of Pahang, where the integrated resort casino Resorts World Genting is located, PAS has promised voters that it will put an end to gambling if it secures victory in the upcoming general elections.
PAS’s rise to power has caused concern for Genting, as the party’s stance on gambling directly impacts the operations of the popular IRC in Pahang. The party’s strong anti-gambling stance resonates with the country’s Muslim majority, as gambling is forbidden in the Quran. PAS has emphasized the harmful effects of gambling and has pledged to shut down the casino in Pahang if they come to power.
At a PAS annual gathering, Deputy Andansura Rabu urged voters in Pahang to support the party if they want to see an end to gambling in their state. He emphasized that the issue of gambling is not solely a religious one but also a social concern. Despite the significant financial contributions that Resorts World Genting makes to the government annually, PAS remains firm in its commitment to eradicate gambling from Pahang.
While Genting’s shares initially suffered a decline following PAS’s electoral success, they have since rebounded. However, the growing support for PAS leading up to the GE15 elections poses a real threat to Genting’s interests in Pahang. The casino’s annual revenue of approximately 5 billion ringgit ($1.16bn) is at risk if PAS fulfills its promise to close down gambling establishments in the state.
The outcome of the upcoming general elections, which must be held before 2028, will determine the future of gambling in Pahang and the fate of Resorts World Genting. As PAS continues to gain momentum and support, the prospect of a gambling-free Pahang looms large, leaving Genting and its stakeholders on edge. The battle between religious principles, social concerns, and economic interests is set to play out in the political arena, with both sides vying for control and influence in the state.