Empire Resorts

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    Genting Malaysia injects more cash into US-based Empire Resorts

    Genting Malaysia is injecting US$150 million in cash into its loss-making US unit Empire Resorts, its gaming facilities temporarily closed in March as a result of the Covid-19 pandemic. This follows a similar cash injection of US$40 million into the unit in March. Empire Resorts owns and operates Resorts World Catskills, a casino resort which […]

    Genting injects $40 million into Empire Resorts

    Genting Malaysia said it’s injecting $40 million of capital into its loss-making U.S. unit, Empire Resorts, through the issue of series G preferred stock.

    Empire Resorts shareholders approve acquisition from Genting

    Shareholders of Empire Resorts have approved of its merger with Genting Malaysia, which will see Genting own 38.3 percent of the company. Earlier this month, the Malaysian operator said it paid $9.74 per share for the stake in Empire, which operates the Resorts World Catskills property in New York State. Genting first announced plans to […]
    Resorts World Catskills

    Genting rejects Empire investor’s allegations

    Genting Malaysia says a lawsuit filed by an investor against Empire Resorts is without merit.
    Resorts World Catskills

    Genting sued over Empire privatisation

    Genting Malaysia is being sued by a minority shareholder of Empire Resorts who claims that the operator is undervaluing the U.S. company.
    Genting New York

    Genting defends Empire acquisition

    Genting Malaysia has issued a statement defending its proposed acquisition of Empire Resorts saying the combination is in the best interests of both companies’ shareholders.

    NY Sullivan County casino to be rebranded under Genting name

    Empire Resorts unit, Montreign Operating Co., said it has entered into an accord to use the name and logos of Genting and its Resorts World brand for a casino under development in Sullivan County, New York. The MOC is developing a $1.2 billion result, that will include an 18-storey hotel, a a casino floor exceeding […]
    Resorts World Catskills

    Genting U.S. expansion raises eyebrows

    Genting Malaysia is pushing ahead with its overseas expansion plans, though analysts its acquisition of Empire Resorts will weigh on long-term earnings. 

    Genting sees strong online growth, says U.K. main focus

    Genting says its U.K. licensed interactive business will remain the focus for its online gambling push, despite a recent headline grabbing tie up with online gaming company bet365 in New York.
    Resorts World Catskills

    Genting’s New York IR debuts, eyes Asian tourists

    The $1.2 billion Resorts World Catskills opened its doors on February 8, expanding the Genting brand in the U.S., even though the Malaysian company missed out on a license for its own property in New York State. The project, which is the biggest of four new resorts in the upstate area, will be the first IR in the U.S. to carry the Genting name. The company has been pushing hard to penetrate the North American market, though with mixed results.