Tag Archives: Genting
- A tale of two Gentings: Singapore soars, Hong Kong sinks
August 3, 2017
Two different gaming divisions of Malaysian conglomerate Genting have reported sharply different fortunes so far in 2017. On Monday, Genting Hong Kong issued a profit warning, alerting shareholders that it expects to post a net loss of between $200m and $220m in the six months ending June 30. The forecast...
- Genting BHD, Caesars vying for Ontario gambling operations control
July 24, 2017
Gambling heavyweights Caesars Entertainment and Malaysian conglomerate Genting Group are vying for sole control of gambling operations in Ontario as it position itself as Canada’s premier gambling hub. The Globe and Mail reported that the Ontario Lottery and Gaming Corp. has trimmed down the number of operators vying for the...
- Resorts World Casino starts $400M New York expansion plan
July 14, 2017
Malaysia-listed conglomerate Genting BHD has given the US market a vote of confidence as it starts its expansion plans in New York. Genting has broken ground on a $400 million expansion of Resorts World Casinos New York (RWNY), six years after the casino operator opened its integrated resort in the...
- Genting sells out of The Star; is Crown buying in?
Malaysian casino operator Genting has sold its stake in Australian casino operator The Star Entertainment Group, as rumors swirl that The Star is prepping some kind of union with local rival Crown Resorts. On Thursday, the Australian Financial Review reported that Genting had sold its 5.62% stake in The Star,...
- Hard Rock Int’l sole remaining bidder for Spanish casino license
July 3, 2017
Florida-based casino operator Hard Rock International (HRI) appears set to win the race to build a new resort in Spain after all the other contenders dropped out. Last week, Spanish media reported that HRI and Hong Kong-listed Melco International Development had walked away from a tandem bid to win an...
- Mashpee Wampanoag’s Taunton casino project hits fresh snag
June 29, 2017
The Mashpee Wampanoag Tribe’s Massachusetts casino project has been thrown into doubt after the tribe withdrew its request for federal recognition of its land rights. On Tuesday, Mashpee Wampanoag representatives issued a statement saying the tribe was no longer seeking a Department of Interior opinion on whether land taken into...
Genting Malaysia may lose $274M on Mass. casino bet
May 23, 2017