Malaysian Company Genting Adds Strip Property to Gaming Portfoli - 8 News NOW

Malaysian Company Genting Adds Strip Property to Gaming Portfolio

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LAS VEGAS -- The Genting Group is a newcomer to Las Vegas but the Malaysian company already knows its way around the roulette wheel.

Founded in 1965 by the late Tan Sri Lim Goh Tong to operate a mountain resort, Genting grew into a global publicly traded leisure and hospitality conglomerate that bills itself as Southeast Asia's largest gaming operator. The company was worth $38 billion as of Jan. 31.

A key holding is Resorts World Sentosa in Singapore, a six-hotel complex with a casino, a Universal Studios theme park and a water park. The dining choices include a Hard Rock Cafe.

Genting owns six London casinos and opened Resorts World Casino New York City in October 2011, featuring the aptly named Times Square Casino.

The company also has planned a Resorts World Miami, though it faces an uphill battle seeking approval from Florida lawmakers. The Miami Herald reported in December that Genting planned a petition drive to get a casino amendment on Florida's 2014 general election ballot but later decided to leave it up to legislators.

Genting also owns Star Cruises, as well as palm oil plantations in Malaysia and Indonesia, and has been involved in power generation, oil and gas exploration, property development and biotechnology.

 

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