Genting M'sia not on NY casino shortlist, share price down 3%

Kuala Lumpur

LADY Luck continued to elude Genting Malaysia (GenM), which slipped 3 per cent to RM3.95 (S$1.50 on Thursday after it was not put on the short list of candidates for a commercial casino licence by the New York gaming authorities.

On Tuesday, the New York Gaming Facility Location Board announced it had selected three destination gaming resorts to be considered for commercial casino licences by the New York State Gaming Commission, GenM announced in a two-paragraph filing to the exchange on Thursday.