Empire had temporarily closed its entire gaming operations, including Resorts World Catskills (RWC) and it was only on Sept 9 that RWC had restarted its operations.
KUALA LUMPUR: Genting Malaysia Bhd
is injecting up to US$150mil or about RM625mil into its US-based subsidiary Empire Resorts Inc which was severely impacted by the stoppage of operations in March due to the Covid-19 pandemic.
In a statement by GentingM to Bursa Malaysia last Friday, it stated that it would subscribe for the series L preferred stock of Empire for US$150mil and the funds will be used for working capital and financing purposes.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
