Cautious approach: Genting group’s headquarters, Wisma Genting, in Kuala Lumpur. The company’s deliberative approach to push back the opening of its Resorts World Las Vegas may have been influenced by a recent slump in China’s economy, from which it is expected to draw market share.
PETALING JAYA: Genting Bhd
has obtained the approval of the Nevada Gaming Control Board to become a publicly-traded entity and finally move forward with its US$4bil (RM16bil) Resorts World Las Vegas development.
According to a report by the Las Vegas Review-Journal (LVRJ), regulators, via unanimous votes, recommended approval of the suitability of officers, directors and shareholders, as well as Genting’s registration as a public company and its interactive subsidiary for mobile gaming and a loyalty programme.
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