Magnum Berhad is a company in

Malaysia Malaysia is a country in Southeast Asia. Featuring the Tanjung Piai, southernmost point of continental Eurasia, it is a federation, federal constitutional monarchy consisting of States and federal territories of Malaysia, 13 states and thre ...

known principally for commercial

gambling Gambling (also known as betting or gaming) is the wagering of something of Value (economics), value ("the stakes") on a Event (probability theory), random event with the intent of winning something else of value, where instances of strategy (ga ...

. Formerly known as Magnum Corporation and Magnum Corporation Berhad, the company was incorporated in December 1968. Magnum was the first private company in

to be granted a license to promote, operate and manage 10-digit numbers forecast betting. Magnum was converted to a public company in 1970 and was subsequently listed on the

Kuala Lumpur Stock Exchange Bursa Malaysia (English: Malaysian Bourses or Malaysia Exchange) is the stock exchange in Malaysia. It is one of the largest bourses in ASEAN. It is based in Kuala Lumpur and was previously known as the Kuala Lumpur Stock Exchange (KLSE). It p ...

("KLSE") in the same year. However, it was de-listed on 2 July 2008 following the completion of a privatization exercise. Magnum then reverted to being a private limited company and changed its name to the current one. Magnum was 51% owned by Multi-Purpose Holdings Berhad () through Magnum Holdings Sendirian Berhad and the remaining 49% is held by CVC Asia Pacific Limited. In June 2013, following a demerger exercise, Multi-Purpose Holdings Berhad sold off its non-gaming business to Multi-purpose Capital Berhad, and was renamed Magnum Berhad. Today Magnum is principally engaged in the licensed

gaming Gaming may refer to: Games and sports The act of playing games, as in: * Legalized gambling, playing games of chance for money, often referred to in law as "gaming" * Playing a role-playing game, in which players assume fictional roles * Playing ...

business in the Malaysian market. In September 2009, Magnum launched an extension of the successful 4Digit Classic game, which introduced a

Parimutuel Parimutuel betting, or pool betting, is a betting system in which all bets of a particular type are placed together in a pool; taxes and the ''house-take'', or ''vigorish'', are deducted, and payoff odds are calculated by sharing the pool among a ...

element into the game. The game was copyrighted by Magnum in 2013.

References

External links

Official Website
Gambling companies established in 1975 Malaysian companies established in 1975 Companies listed on Bursa Malaysia Gambling companies of Malaysia {{malaysia-company-stub