Genting pledges US$1bil in taxes to win US licence

KUALA LUMPUR: Genting Malaysia Bhd – which owns the Resorts World casino in New York City – says an expansion of its gambling offering there would lift its tax payments to the state to more than US$1bil annually.

The operator of the resort in Queens is seeking one of the three new casino licences officials are considering for the New York City area.

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

Subscribe 
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Report it to us.

Next In Business News
Ringgit opens marginally lower against greenback as investors await 1Q GDP release
Bursa Malaysia rally to pause for profit-taking
ZTE spearheads Malaysia's 5G revolution with its ‘Unfolding the Intelligent Future 2024’ event and receives the Malaysia Book of Records’ fastest 5G-Advanced live trial award.
Trading ideas: IJM, TNB, AirAsia, Thong Guan, Seremban Engineering, UEM Sunrise
XL Axiata-Smartfren merger to yield synergy
Smart Asia IPO oversubscribed by 37.98 times
Aluminum rally is ‘overdone’ as supply returns
S P Setia posts strong 1Q profit
IRB fails in bid to get RM1.8bil taxes from TNB
IJM Land’s latest London deal poised for success

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.