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PETALING JAYA: Genting Malaysia Bhd's subsidiary Genting New York LLC won a 30-year franchise to redevelop the Aqueduct Racetrack in Ozone Park, New York, according to a Singapore i>Straits Times/ireport.
KUALA LUMPUR: Genting Malaysia Bhd's indirect wholly-owned subsidiary Genting New York LLC (Genting NY) is one step closer to clinching the project to develop and operate a video lottery facility at the Aqueduct Racetrack in New York City.
KUALA LUMPUR: Genting Malaysia Bhd subsidiary Genting New York LLC is still in the running for the bid to develop and operate a video lottery facility at New York City#8217;s Aqueduct Racetrack, sources said.
PETALING JAYA: The delay in the proposed development and operation of a video lottery facility at New York City's Aqueduct Racetrack does not bode well for Genting Malaysia Bhd which is now the sole surviving contender for the project, according to analysts.
PETALING JAYA: There is never a dull moment in the gaming sector over the past couple of weeks. Within that period, the Government has decided to abort sports betting while number forecast operators (NFOs) were served with a letter informing them that the pool betting duty has been increased.
PETALING JAYA: Genting Malaysia Bhd yesterday replied to Bursa Malaysia queries on the proposed acquisition of the casino businesses in Britain from sister company Genting Singapore plc for £340mil (RM1.66bil).
PETALING JAYA: The local benchmark index will struggle to stay above the 1,300-point psychological support level this week, as jittery investors fret over faltering global economic growth.
PETALING JAYA: Genting Malaysia Bhd was one of the top losers on the local bourse yesterday as the casino operator's share price tumbled after it announced plans to buy Genting Singapore PLC's operations in Britain (Genting UK) on Thursday.
KUALA LUMPUR: Share prices on Bursa Malaysia remained lacklustre after falling in early trading and then stayed in tight band trading for the rest of day before closing with moderate losses.
PETALING JAYA: The outcome of Genting Malaysia Bhd's bid to develop and operate a video lottery facility at New York City's Aqueduct Racetrack is likely to be announced on Aug 3 and analysts say its chances of winning are 'decent'.