Tag: Genting
Resorts World NYC estimates it will generate $2.5B for transit by 2030 if awarded license
Resorts World has estimated that it will send $2.5 billion to the MTA over the next four years if it is awarded one of the coveted... more
Borough president wants to make Queens a gambling hot spot
Queens Borough President Donovan Richards has what can be called a good problem on his hands. There is a significant possibility that... more
Maybank IB: All three remaining New York bidders “virtually assured” of full casino license, Genting the strongest
The three remaining bidders for a full commercial casino license in downstate New York are all “virtually assured” of a license each,... more
New York: Catskills casino $561 million muni deal shelved until 2026
Genting Group’s plan to sell the hotel and other non-casino assets at its Resorts World Catskills site to a government development... more
New York City: Resorts World proposes $100 million above baseline license fee
If this were poker, Resorts World just did the equivalent of pushing all its chips into the center of the table. Sensing an opportune time... more
Remaining three NYC casino bidders submit supplemental license applications
The three remaining contenders for New York’s downstate casino licenses submitted supplemental applications to the New York State Gaming... more
New York state senator behind casino push urges swift awarding of licenses
The head of the New York Senate committee overseeing gambling said a state gaming board should move quickly to award casino licenses after... more
High roller Cipriani refuses to concede legal fight with Resorts World Las Vegas
An attorney for high-stakes gambler Robert “R.J.” Cipriani urged a Ninth Circuit panel on Oct. 6 in Las Vegas to revive his lawsuit... more
MGM withdrawal boosts Resorts World’s New York license odds but also raises questions over potential returns, analyst says
The shock announcement by MGM Resorts this week that it was withdrawing from the race to win one of three possible full casino licenses in... more
Genting Bhd launches US$1.59 billion full takeover offer for Genting Malaysia
Malaysian gaming giant Genting Berhad has launched a conditional voluntary takeover offer to acquire the remaining 50.64% of its... more
