Genting Malaysia unit inks merger agreement to delist Empire Resorts

KUALA LUMPUR (Aug 20): Genting Malaysia Bhd (GenM) said today its indirect wholly-owned subsidiary Genting (USA) Ltd (GenUSA) has acquired a 49% stake in joint venture company (JVCo) Hercules Topco LLC, which will hold all outstanding shares in Empire Resorts Inc under Empire's planned delisting from the US stock market.

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Hotels facing headwinds

Visit Malaysia Year 2020 (VMY2020) is around the corner, but the hospitality sector does not have high hopes that it will be a key performance driver for the sector.

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MOTAC plans to redevelop Carcosa Seri Negara

PUTRAJAYA (Aug 16): The Ministry of Tourism, Arts and Culture (MOTAC) has been given the green light to redevelop Carcosa Seri Negara as a tourist attraction, said the ministry’s secretary-general Datuk Isham Ishak.

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