Genting Malaysia to inject RM625mil into Empire

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. The proceeds from the Series L will be utilised by Empire to facilitate its long-term financing plan, GenM said.

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.