Genting Malaysia's Miami land deal called off, open to new bids

KUALA LUMPUR: Genting Malaysia Bhd has announced that Smart Miami City LLC has ended its current bid for the land owned by the group's wholly-owned subsidiary, Resorts World Miami LLC, in Miami.

In a filing with Bursa Malaysia, Genting Malaysia said Smart Miami City has requested an extension of the exclusivity period and sought amendments to the commercial terms of the sales and purchase agreement.