Genting Empire Resort to start video gaming parlour in New York

KUALA LUMPUR (Feb 9): Genting Malaysia Bhd's 49%-owned associate Genting Empire Resorts LLC, which operates the Resorts World Catskills (RWC) casino in New York, said developing a video gaming machine facility in Orange County has, for many years, been part of RWC's long-term vision for Hudson Valley and Catskills within the US state.

"It will create hundreds of good-paying union jobs, generate significant revenue for New York's public schools, and is an important step in ensuring the long-term sustainability of RWC," Genting Malaysia was quoted as saying in a statement to the Times Herald-Record on Friday (Feb 5).

Times Herald-Record reported that the casino operators which run RWC in Sullivan County plan to open a new gambling hall with video lottery terminals in part of the Newburgh Mall.

It was reported that RWC plans to lease a 68,877-square-foot space that used to be a Bon-Ton department store and has been occupied since Aug 1 by a Jennifer Furniture outlet.  

It was reported that Bon-Ton vacated the property in 2018 after the company went bankrupt and closed all of its 260 US stores.

"RWC is scheduled to present its plans to the Newburgh Town Board at its workshop meeting on Feb 22, 2021. Town Supervisor Gil Piaquadio said this week that the proposal would require the board to amend its zoning to allow gaming in that area, and (that the board) also would need Planning Board approval after an environmental review," Times Herald-Record said.

On Bursa Malaysia today, Genting Malaysia’s share price closed up nine sen or 3.5% at 5pm at RM2.66 for a market value of about RM15.03 billion.

Genting Malaysia has 5.65 billion issued shares

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