An agreement between Resorts World Miami LLC and Genting Florida LLC to sell Miami Herald land for $1.2 billion to Smart Miami City LLC has fallen through, Genting Malaysia Berhad announced on Thursday.

Fitch Ratings has considered the outlook of Malaysian tourism and gaming group Genting Malaysia Berhad's (GENM) as 'stable' in a recent dispatch.

Brokerage CGS-CIMB says Genting Malaysia Bhd's fair value may rise 8 to 14 percent if its New York City casino license bid succeeds.

Genting Malaysia Berhad has announced that it is raising RM500 million ($112.69 million) in three tranches to ‘finance the development and/or redevelopment of the properties and/or resorts’ that it operates, including those in Genting Highlands.

Genting Malaysia Berhad has announced that it is planning to sell its land in Miami, Florida, for an estimated cash consideration of $1.22 billion.

Genting Berhad has already attracted five offers topping $1 billion for its 15.5-acre property in Miami that it is planning to sell in order to drum up funds for a bid for a New York casino license.

Genting Berhad is reportedly planning to sell part of its Miami real estate, seeking over $1 billion, which it plans to use to further other projects, such as a casino bid in New York.

Esports is growing throughout Asia, and certain companies like ONE Esports are targeting the Southeast Asian contingent by personalizing content: focusing on the proper titles, language and approach to corner the market.

Philippine gaming operator and regulator PAGCOR is undergoing a new revival, as the group increasingly partners with the industry in leading the way as the premier gaming country in Asia. The Philippines upward trajectory can only continue, as partnership and reform pave the way for PAGCOR to embrace industry growth, notes Daniel Cecilio.