Malaysians likely to continue gambling despite Omicron surge

A record surge in COVID-19 cases across Malaysia as a result of the Omicron variant is unlikely to result in further lockdowns nor dissuade Malaysians from gambling, according to a note from Maybank IB Research.

Analyst Samuel Yin Shao Yang said Thursday that evidence from how other gaming jurisdictions around the globe had responded to Omicron outbreaks had “assuaged our fears” with Maybank maintaining its current earnings estimates. Malaysia recorded a record 27,831 new infections on Wednesday.

“We posit that Malaysians are still inclined to participate in gaming despite the risk of being infected with COVID-19, as long as the risk of serious health complications is low,” Yin wrote.

Source: https://www.asgam.com/index.php/2022/02/18/malaysians-likely-to-continue-gambling-despite-omicron-surge/