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KUALA LUMPUR (May 27): Genting Malaysia Bhd's subsidiary Resorts World Catskills (pictured) in Sullivan County has receive unanimous approval by Newburgh's town board to place a licensed electronic gaming facility in Newburgh Mall, New York, according to a report.
The Weschester & Fairfield County Business Journals reported the town board had also accepted the State Environmental Quality review to allow video lottery terminals in shopping centres.
After receiving further approvals, Resorts World Catskills will relocate the machines from Monticello Raceway.
Newburgh Town Supervisor Gil Piaquadio noted "Newburgh Mall is struggling to attract occupants… this will be the first and only such licensed facility in Newburgh and in Orange County".
Resorts World Catskills expects to spend US$32 million on the new video gaming casino that will include 1,300 electronic slots and its trademark lounge, Bar 360, and will create over 600 jobs.
"That would mean a total of almost US$15.5 million in annual wages here in the town of Newburgh," said Megan Taylor, Resorts World vice president for government affairs, during the negotiations.
However, no date has been set on when the transformation of Newburgh Mall will take place.
At the time of writing, Genting Malaysia was down four sen or 1.45% to RM2.71, giving it a market capitalisation of RM15.32 billion.
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