PETALING JAYA: Genting Malaysia Bhd (GenM) is injecting fresh funds of up to US$150mil (RM625mil) into its United States gaming unit Empire Resorts Inc.
In its filing with Bursa Malaysia, GenM said its indirect wholly owned subsidiary, Genting ER II LLC (GER II), a Delaware company, had entered into a subscription agreement to subscribe for up to US$150mil (RM625mil) of additional Series L preferred stock of Empire.
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!