Malaysian billionaire Vincent Tan may invest RM3 billion (US$933 million) to build a casino complex in the state of Pahang if authorities approve a plan for what would be the country’s second casino, the Business Times reported.

Citing an interview with the tycoon, the paper said Tan aims to apply for a licence to operate a casino in Berjaya Hills, a resort area owned by Berjaya Corp, in which he is the largest shareholder with a 23.03 percent stake.

Malaysia’s only existing casino is owned by gaming-to-plantations conglomerate Genting Bhd, which saw RM1.4 billion in revenue come from the casino in the first quarter this year.

Berjaya didn’t immediately respond to questions submitted by email at an official’s request.

- Reuters