Latest RPT dampens sentiment on Genting

  • Business
  • Saturday, 10 Aug 2019

Strong brand: The view from the cable car leading to Resorts World Genting. GenM says its latest related-party transactions will better position the Resorts World brand in the US gaming market.

EYEBROW-RAISING related-party transactions (RPTs) are not new to Genting Malaysia Bhd (GenM).

Still, the market was caught by surprise when the casino-and-hotel operator announced on Tuesday that it would be buying over a huge portion of Tan Sri Lim Kok Thay’s stake in a loss-making gaming and entertainment operator in the US.

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