GenM US unit says RAV Bahamas’ complaint baseless in US$600m lawsuit
“Genting Americas is of the view that the complaint is baseless and totally without merit and will vigorously defend against the complaint,” GenM said.
Genting Malaysia denies involvement in talks for Forest City casino
"Genting Malaysia wishes to state that neither the company nor Lim was involved in any such discussions or meetings, and the claims made were untrue," it said in a statement.
Fitch lowers Genting Malaysia’s 2023 and 2024 revenue estimates
“Revenue in 2022 and 1H2023 (first half of 2023) in Malaysia (Resorts World Genting), which contributes over 60% of Genting Malaysia’s consolidated figure, was lower than our expectations, affected by factors such as heavy rainfall at the turn of 2023 and a landslide in late 2022, hindering access to the resort.
High interest rates help botched Genting Malaysia’s US$1.2b Miami land sale?
Jorge Perez, the chief executive officer of Related Group, one of Miami’s largest builders, told the WSJ that he “passed” on the deal because Genting wanted the whole acquisition price upfront rather than in stages.
Nomura ‘negatively surprised’ by collapse of Genting Malaysia’s sale of Miami land
On Thursday (June 22) morning, GenM disclosed that the purchaser, Smart Miami City LLC, had decided to end its current bid after requesting an extension of the exclusivity period and amendments to the commercial terms of the Sale and Purchase Agreement — requests that GenM chose not to grant.
Genting Malaysia says Miami land parcel purchaser has ended US$1.225 billion bid
“GenM has seen the value of its investment in Miami increase approximately 400% in just over a decade, and firmly believes in the sustained strength and growth of the Miami market.
Genting Malaysia issues RM500m MTNs to fund development of Genting Highlands, working capital
The proceeds from the issuance of the MTNs will be used for, among others, the development of properties and resorts of Genting Malaysia and its subsidiaries, including those in Genting Highlands, Pahang.
Gains from Genting Malaysia’s Miami land disposal a large windfall, says Nomura
In a note, Nomura analysts Tushar Mohata and Alpa Aggarwal said the sale was a very positive development for the company and its parent, Genting Bhd.
Genting Malaysia expects to gain RM4.289b from Miami land sale
Genting Malaysia said the Miami Herald land is close to the commercial, residential and shopping areas in Miami, Florida, and is located directly across the street from the Adrienne Arsht Center for the Performing Arts of Miami-Dade County, one of the largest performing arts centres in the US.
Genting Malaysia invests another US$100m in Empire Resorts
Genting Malaysia’s share price had come down after the the Malaysian casino and resorts operator announced its investment in Empire Resorts back in August 2019.
