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.

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

Although Genting Bhd has a high strategic incentive to support Resorts World Las Vegas (RWLV), the hotel and casino operator was downgraded by Fitch following the rating agency's re-assessment of its linkage with parent Genting Bhd. RWLV's senior secured and unsecured debt also suffered a cut, with Fitch assigning a negative outlook on the issuer.

Analysts at ratings agency Fitch are expecting Genting Malaysia and Singapore's revenue to reach 2019 levels in the second half of 2024, and this year their revenue is likely to recover 85 to 90 percent of pre-pandemic levels.

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.

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 Empire Resorts LLC, which is 49 percent owned by Genting Malaysia, has formed a consortium with fellow casino operators including Caesars and Wynn Resorts to bid for a sports betting license in New York.