Billionaire Lim Kok Thay Bets $5.5 Billion To Expand New York Casino After Winning New License

Genting Sets Sights on $5.5 Billion Vegas-Style Casino in New York

Billionaire Lim Kok Thay Bets $5.5 Billion To Expand New York Casino After Winning New License

Genting has been expanding its footprint in the U.S. in recent years amid rising competition in Asia. The group operates casinos in Las Vegas and New York.

Genting's New York Casino License Buffers Risks in Malaysia

(Bloomberg) — Genting Group won a coveted New York City casino license that will allow the Malaysian conglomerate to transform its Queens slot machines-only facility into a Las Vegas-style $5.5 billion casino resort.

Genting wins coveted NY casino licence as bid to privatise Genting Malaysia fails

Genting’s Resorts World won a licence on Dec 1 to operate a casino in New York City.  Read more at straitstimes.com.

Genting Malaysia chosen by New York board to receive full commercial casino license

Genting Group has secured a highly sought-after casino license in New York City, enabling the Malaysian conglomerate to turn its Queens facility, currently restricted to slot machines, into a Las Vegas-style casino resort.It received gambling permits from the state of New York on 1 December, with issuance expected by 31 December.In July of this year, Genting’s Resorts World New York City announced a $5.5 billion plan to become New York's largest…

Genting sets sights on US$5.5bil Vegas-style casino in New York

Genting, along with New York Mets owner Steve Cohen and Bally’s Corp, was awarded gambling permits by the state of New York.