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Legal woes raise concerns over GenM's Mashpee notes

Published Mon, Jul 10, 2017 · 09:50 PM
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Kuala Lumpur

LEGAL challenges to the proposed development of an integrated resort (IR) on the Mashpee Wampanoag Tribe trust land in Massachusetts continue to weigh on the Genting group whose casino unit Genting Malaysia (GenM) invested RM1.5 billion (S$484 million) in promissory notes issued by the tribe to finance the pre-development expenses.

In recent days, investor concerns over delays to the US Mashpee IR project in Taunton and the recovery of GenM's investment have im…

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