Genting Malaysia Acquires Full Control of Empire Resorts, Expanding New York Presence

Genting Malaysia Bhd has announced its decision to acquire the remaining 51% stake in Empire Resorts Inc. for US$41 million (RM177 million), gaining full control of the loss-making gaming operator. The acquisition will increase Genting Malaysia’s ownership of Genting Empire Resorts LLC (GERL), which owns Empire Resorts, a company already partially under Genting’s control. The transaction includes a debt assumption of US$39.7 million from Kien Huat […]