Resorts World Catskills was struggling long before the current coronavirus situation, and it needs help to stay alive more than ever.
Resorts World Catskills will be taken private once the deal is signed between the property’s owner, Empire Resorts, and Genting Malaysia.
Genting told shareholders they have nothing to fear, and that they would defend their proposed Empire Resorts merger.
Genting Malaysia Bhd sees an uptick to its EBITDA for the quarter at $98.7 million, however a report shows a decline in the gaming segment for its Resorts World Genting.
Genting’s big buyout of Empire Resorts is a plan to enter the Upstate New York market.
Genting Malaysia’s board has agreed to withdraw its request the country’s government to launch a judicial review of the tax incentives.
The casino operator saw its profits drop more than 25% year-on-year, despite reporting higher revenue.
After falling heavily in debt to Genting Malaysia over a failed casino deal, the Mashpee Wampanoag tribe is descending into chaos.
A single-tier dividend is under approval due to the recommendation of the board of directors, which, if approved, will be distributed in July.
Genting Malaysia had a few disasters in 2018, but thanks to a lucky tax break, they reported a big profit in the fourth quarter.