The legislative body had been dissolved on 5 April by the Governor of Penang, Abdul Rahman Abbas, on the advice of the incumbent Chief Minister, Lim Guan Eng, who also led the state's ruling coalition, Pakatan Rakyat (PR).

[3][4] It was later revealed that BN's large-scale attempt at recapturing Penang, which it lost in the previous election, received substantial financial funding from Jho Low, a Penang-born tycoon notorious for his involvement in the 1Malaysia Development Berhad (1MDB) scandal.

[9][10] The latter, along with a sharp increase in foreign direct investments into Penang since 2008, had been acclaimed by Bloomberg, an American news outlet, as "Malaysia's biggest economic success"; the article added that "Penang’s economic resurgence may bolster Pakatan Rakyat’s claim that it can be an alternative to the Barisan Nasional (BN), which has run the country since independence from British rule in 1957".

[11] The BN, on the other hand, relied conspicuously on financial backing from Jho Low, a Penang-born businessman who was involved with the 1Malaysia Development Berhad (1MDB), a national investment fund established by the Malaysian Prime Minister, Najib Razak.

[4][5] Lavish funds were spent on campaigning materiel and events, including free-of-charge public dinners, lucky draws and concerts featuring famous international artistes.

Prime Minister Najib also made magnanimous pledges to Penangites in the course of the campaign, such as the construction of 9,999 affordable housing units at Air Itam by 1MDB and a monorail system within Penang.

[15] Both the Pakatan Rakyat (PR) and Barisan Nasional (BN) coalitions held rallies, known in Malay as ceramah, throughout Penang during the campaigning period just prior to the polling day.

[16] Another concert was held at the same venue on 20 April, featuring international artistes such as Busta Rhymes, Ludacris, Gigi Leung, Alan Tam and Hacken Lee.

Seats won Popular vote The Pakatan Rakyat (PR) emerged from the election in a much stronger position, as it gained one additional constituency - Seberang Jaya - which was won by the People's Justice Party (PKR) candidate, Afif Bahardin; this increased the PR's tally in the Penang State Legislative Assembly to 30 seats.

As with the 2008 election, BN's other component parties, namely Parti Gerakan Rakyat Malaysia (Gerakan), the Malaysian Chinese Association (MCA) and the Malaysian Indian Congress (MIC), failed to win any seat, leaving UMNO, which won the remaining 10 seats in the Penang State Legislative Assembly, as the state opposition once again.

In 2015, it was revealed that Jho Low, the main financier of Barisan Nasional's failed election campaign, had been involved in the 1Malaysia Development Berhad scandal; Jho allegedly served as BN's senior strategist in Penang, funded free-of-charge public dinners, concerts and lucky draws during the election via the 1Malaysia Penang Welfare Club, and told the BN candidates that his funds would be made available to them upon request.

[4][5] A source from the United Malays National Organisation (UMNO), who spoke on the condition of anonymity, commented that "the money was flowing like hell", adding that the funds, which were initially assumed to originate from corporate donors, did not pass through the party's official channels.