Company:
Magnum Corporation
Description:
Gaming
Sector:
Services
Current/Previous:
Current
Turnover:
$882 million (2009)
Employees:
273
Acquired:
June 2009
Region/Country:
Malaysia
CEO:
Lawrence Lim

In June 2008, CVC funds, in partnership with Multi-Purpose Holdings Berhad, completed the buyout of Magnum Corporation, the largest 4-digit gaming operator in Malaysia. The Company was incorporated in 1968 and was the first private company to be granted a license to promote, operate and manage 4-digit numbers forecast betting in Malaysia. The Company is headquartered in Kuala Lumpur and operates 483 outlets throughout Malaysia.