Genting Malaysia said this in response to a query by Bursa Malaysia following a recent news report which claimed that Empire Resorts was “on the brink of filing for bankruptcy”.
PETALING JAYA: In justifying its investment in Empire Resorts Inc, Genting Malaysia Bhd
said the corporate exercise would give the financially-troubled US casino operator an opportunity to resolve its liquidity challenges.
The group added that the investment would enable Empire Resorts to complete its projects and turn around its finances for the benefit of all stakeholders.
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