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Genting Malaysia injecting $100 million in Empire Resorts to up NY license bid 

Genting Malaysia is planning to inject some $100 million in equity into Empire Resorts, as the group continues its push for a New York gaming license.

Genting Group to pay $12m to settle lawsuit over Empire Resorts buyout

Genting Group agreed to pay $12 million to settle a class action lawsuit in the U.S. that pressured shareholders to accept a buyout of Empire Resorts.

Slow start expected for Empire Resorts NY sports betting venture

Empire Resorts, a company 49 percent owned by Genting Malaysia has won a license to offer mobile sports betting in New York.

Fitch Ratings assigns final B+ IDR to Empire Resorts

Fitch Ratings has assigned Empire Resorts, a company 49 percent owned by Genting Malaysia Bhd, a final “B+” long-term issuer default rating following the completion of a recapitalization that included $300 million of senior secured notes, a new $75 million HoldCo loan, and a $150 million preferred equity investment by GENM.

Fitch Ratings upgrades Empire Resorts IDR to B+

Fitch Ratings has upgraded the Issuer Default Rating (IDR) of U.S. casino operator Empire Resorts to B+, reflecting an improved stand-alone credit profile due to a just-announced recapitalization.

Genting Malaysia injects $150 million of capital in Empire Resorts

Genting Malaysia on Monday announced it has injected another $150 million of equity into its U.S.-based Empire Resorts.

Genting Malaysia subscribes up to US$20 million for Empire Resorts

Genting Malaysia’s indirect wholly-owned subsidiary, Genting ER II LLC has entered into a subscription agreement for up to US$20 million of additional stocks of Empire Resorts, according to a company filing.

MGM Resorts unveils vision for New York casino

MGM Resorts has unveiled its vision for a proposed integrated resort in New York, as it competes for one of the three possible licenses that authorities are planning to issue in the state.

Your Daily Asia Gaming eBrief: Hann Resorts aims to dominate Clark market

While many eyes were on Metro Manila, Daesik Han is building an empire in Clark, with over $600 million into Hann Casino and up to $4 billion planned for Hann Reserve.

Speculation emerges that Crown Resorts could be broken up

The Australian media has highlighted the possibility that Blackstone’s bid for Crown Resorts could lead to the possibility of the gambling empire being broken up and sold in its constituent parts.