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 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.

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

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

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.

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.