News about New York

KUALA LUMPUR (July 12): Genting Malaysia Bhd’s indirect 100%-owned subsidiary Genting New York LLC has been named among the 10 highest-spending lobbying entities in the US state of New York after the casino and hotel operator was reported to have spent US$1.

KUALA LUMPUR (June 5): The US federal government has sold an apartment at 15 West 63rd Street that it had seized from Riza Aziz (pictured), stepson of former prime minister Datuk Seri Najib Razak and the producer of “The Wolf of Wall Street”, for US$16.

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.

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 (Jan 26): S&P Global Ratings expects Genting Malaysia Bhd’s (GenM) wholly-owned subsidiary Genting New York LLC to register a sharp recovery after the Covid-19 pandemic-driven shutdown as Genting New York operations are located at the heart of the metropolitan area in New York and has a low dependency on tourists for gaming revenue.

KUALA LUMPUR (Sept 6): A Malaysian official has pointed to the below market price sale of 1MDB-linked Walker Tower penthouse in New York as further justification for the government’s recent decision to strike a deal with Goldman Sachs.

NEW YORK (June 11): The developer of a 43-story luxury condo building in Manhattan’s Tribeca neighborhood sued Malaysia’s biggest bank for reneging on agreements to provide more than US$162 million (RM689 million) in syndicated construction loans and “effectively thwarting” the project, Bloomberg reported today.

KUALA LUMPUR (June 3): A luxury penthouse belonging to fugitive businessman Jho Low in Manhattan, New York, has been sold as part of a US forfeiture case against the financier, a global real estate portal reported.

KUALA LUMPUR (May 28): At least 10 Malaysians living in New York have succumbed to Covid-19 infections, the Malaysia Association of America (MAA) have told The Star in a report.

KUALA LUMPUR (May 22): A luxury condo that once belonged to fugitive financier Low Taek Jho has been sold by the US government at a sharply discounted rate.