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Genting sued by partner in Bahamas casino Resorts World Bimini for alleged “massive and co-ordinated fraud”

Summary by IAG
The US subsidiary of Malaysian gaming giant Genting Bhd is being sued for more than US$600 million by a key partner over allegations it has been dumping group liabilities onto its Resorts World Bimini (RWB) property in the Bahamas. RAV Bahamas, which owns 22% of RWB operating entity BB Entertainment, filed a lawsuit with the US District Court for the Southern District of Florida last Monday alleging Genting – owner of a majority 78% – has turned…
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