Wednesday, June 6, 2012

Genting Malaysia

It is no longer the only party New York is talking to for a planned US$4 billion mega convention centre that could come with a casino license. This is the second wall that Genting Malaysia has hit in the US within months, after a stalled casino bill in the state of Florida put its Miami casino plans on hold.

Its governor stated that the conversations between Genting have not really work due to the non binding talks New York entered into with Genting in Jan 2011. So it had started to bring in other gaming companies.

MGM Resorts Intl is among companies in the queue for the New York casino.

It is not immediately known if Guomo’s public announcement means the preliminary non binding agreement – entered between Genting New York State Urban Development Corp’s business entity, Empire State Development Corp – is officially off. Both parties had initially given themselves until Nov 2012 to enter into a binding agreement.

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