News about Genting

KUALA LUMPUR (March 25): Genting Hong Kong Ltd is selling its entire stake in Grand Banks Yachts to Genting Bhd chairman Tan Sri Lim Kok Thay (pictured) for HK$62.

KUALA LUMPUR (March 8): Genting Group-owned Resorts World Casino New York City and Miami Hilton have filed a suit against more than a dozen insurers claiming they wrongly denied coverage for some US$500 million (RM2.

KUALA LUMPUR (March 3): ACE Market-listed Kanger International Bhd's wholly owned unit has bagged a contract to build two blocks of serviced apartments totalling RM478 million in Genting Highlands.

KUALA LUMPUR (March 3): Genting Malaysia Bhd’s senior management team has taken a temporary voluntary 20% salary cut for three months, and the company has written to staff for them to consider a variation in their employment contract with a suggested variation staggered depending on job grade from 15% to 20% reduction in salary or one day no pay leave per week, according to a letter sighted by The Edge.

KUALA LUMPUR (March 3): Grand-Flo Bhd is planning to buy two properties in Genting Highlands — the land and project development rights of an ongoing mixed development known as Grand Ion Majestic (GIM), and the adjacent serviced apartments and commercial lots of a completed project known as Grand Ion delemen (GID) — for RM422.

KUALA LUMPUR (Feb 25): Genting Malaysia Bhd (GenM) has accepted a US$175 million (RM707 million) loan from US bank Wells Fargo for a piece of vacant land at its Resorts World Casino New York City.

PETALING JAYA (Feb 23): Genting Malaysia Bhd's Resorts World Genting (RWG) has invested more than US$800 million (RM3.

KUALA LUMPUR (Feb 17): Genting Malaysia Bhd said Resorts World Genting (RWG) and Resorts World Awana resumed business at 6pm yesterday, after the group temporarily suspended operations at the resorts following the implementation of the Movement Control Order from Jan 22 to Feb 4.

KUALA LUMPUR (Feb 9): Genting Malaysia Bhd's 49%-owned associate Genting Empire Resorts LLC, which operates the Resorts World Catskills (RWC) casino in New York, said developing a video gaming machine facility in Orange County has, for many years, been part of RWC's long-term vision for Hudson Valley and Catskills within the US state.

KUALA LUMPUR (Feb 5): All operations at Resorts World Genting (RWG) in Genting Highlands will remain closed following the extension of the second movement control order (MCO 2.