Casino News: Group Purchases Resorts World Catskills, Jerry Jones Gets Endorsement
This week’s casino news follows up on a story from last week where the Resorts World Catskills ended up being bankruptcy that is nearing. Fast forward to this week plus they’ve found an answer with their woes that are financial.
Genting Group Purchases Upstate New York Casino
A week ago, it was reported that the Resorts World Catskills was on the brink of bankruptcy. This they’ve found a buyer to help them get out of financial trouble week.
The Genting Group has purchased the Resorts World Catskills from Empire Resorts. The announcement comes less than two days after the casino’s parent company considered filing for Chapter 11 bankruptcy. Empire Resorts announced the purchase along with associated with the remaining stocks of its $1.2 billion Las Vegas-style casino in Monticello set to transfer up to the Genting Group in the deal.
The Genting Group had been already the largest investor in this specific casino, owning 86-percent of the stocks before they completed their many recent deal. According to reports, the Genting Group purchased the remaining shares at about 15-percent more than their market that is current value. After its purchase that is latest, Genting Group now has a total of 40 gambling enterprises in its portfolio. The expectation is that the sale is to be finished at some point before the end for the calendar year.
Las Vegas Sands Corp Facing $12 Billion Lawsuit In Macau
The L […]