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Magnum Berhad is a company in Malaysia known principally for commercial gambling.
| Formerly | Multi-Purpose Holdings Berhad |
|---|---|
| Company type | Privately held company |
| MYX: 3859 | |
| ISIN | MYL3859OO005 |
| Industry | Gambling |
| Founded | 18 August 1975 |
| Founder | Datuk Nallakaruppan Solaimalai |
| Headquarters | 35th Floor, Menara Multi-Purpose, Capital Square, No. 8, Jalan Munshi Abdullah, 50100 Kuala Lumpur, Malaysia |
Key people | Surin Upatkoon (Chairman) |
| Website | www |
Formerly known as Magnum Corporation and Magnum Corporation Berhad, the company was incorporated in December 1968. Magnum was the first private company in Malaysia 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 ("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.[1] Magnum was 51% owned by Multi-Purpose Holdings Berhad (MYX: 3859) through Magnum Holdings Sendirian Berhad and the remaining 49% is held by CVC Asia Pacific Limited.[2] 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.[3]
Today Magnum is principally engaged in the licensed gaming business in the Malaysian market.
In September 2009, Magnum launched an extension of the successful 4Digit Classic game, which introduced a Parimutuel element into the game. The game was copyrighted by Magnum in 2013.[citation needed]
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