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Genting Malaysia poised for upside as frontrunner for one of three New York casino licences

Tan Ai Leng

Published Thu, Sep 28, 2023 · 05:00 AM
    • Genting Malaysia owns and operates Resorts World Genting - the only licensed casino property in Malaysia. It also runs casinos in the United States, the Bahamas, the United Kingdom and Egypt.
    • Genting Malaysia owns and operates Resorts World Genting - the only licensed casino property in Malaysia. It also runs casinos in the United States, the Bahamas, the United Kingdom and Egypt. PHOTO: GOH SENG CHONG

    [KUALA LUMPUR] Genting Malaysia is a frontrunner for one of three casino licences to be awarded for downstate New York, analysts said, and its shares have not yet priced in this possibility.

    The New York State Gaming Commission in August resumed its request for application (RFA) process, which had been halted for six months.

    Genting Malaysia’s Resorts World New York City (RWNYC) and MGM Resorts are seen as strong favourites to win full casino licences in New York. Other competitors include Las Vegas Sands and Wynn Resorts.

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