{"id":11388,"date":"2025-11-06T12:57:24","date_gmt":"2025-11-06T12:57:24","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=11388"},"modified":"2025-11-07T06:50:14","modified_gmt":"2025-11-07T06:50:14","slug":"genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/","title":{"rendered":"Genting Bhd Advances Genting Malaysia Deal to Strengthen Its New York Presence"},"content":{"rendered":"\n<p><strong>Genting Bhd<\/strong> has made progress in its plans to acquire <strong>Genting <strong>Malaysia<\/strong>,<\/strong> reinforcing its ambitions to expand in the New York market.<\/p>\n\n\n\n<p>The primary objective of the transaction is to optimize Genting Bhd\u2019s capital structure to support its New York growth strategy through Genting Malaysia\u2019s Resorts World New York City.&nbsp;<\/p>\n\n\n\n<p>By increasing its stake in Genting Malaysia from 49.36% to over 50%, the company has taken an important step toward potentially securing full control.<\/p>\n\n\n\n<p>The transaction is expected to be finalized by the end of 2025, paving the way for further expansion into New York.<\/p>\n\n\n\n<p>If Genting succeeds in obtaining a full casino license in the state, Resorts World would evolve from a video lottery terminal venue into a full-scale casino, adding table games and significantly expanding its offering for players.<\/p>\n\n\n\n<p>Genting\u2019s already strong position in New York\u2019s gambling industry provides a stable foundation for continued growth in the developing market.<\/p>\n\n\n\n<p>Operating more than 5,800 video lottery terminals, the proposed expansion is anticipated to be highly lucrative for the group \u2014 further supported by its strategic location near JFK International Airport.<\/p>\n\n\n\n<p>Following the unexpected withdrawal of <strong>MGM Empire City<\/strong> from the licensing race, Resorts World\u2019s prospects have significantly improved, positioning the company as one of three remaining contenders for three available licenses.<\/p>\n\n\n\n<p>The group sits alongside <strong>Bally\u2019s<\/strong> $4bn plan for a casino at Ferry Point in the Bronx, the <strong>Hard Rock Casino Citi Field <\/strong>project in Queens led by <strong>New York Mets<\/strong> owner <strong>Steve Cohen<\/strong> in the race.&nbsp;<\/p>\n\n\n\n<p>MGM\u2019s exit has encouraged Resorts World New York to accelerate project development and commit additional investments.<\/p>\n\n\n\n<p>In a supplemental application to the New York State Gaming Facility Location Board, the company pledged an additional $2bn toward infrastructure upgrades and community benefits linked to the expansion of its current VLT property at <strong>Aqueduct Racetrack<\/strong> in Queens.<\/p>\n\n\n\n<p>Combined with the previously announced $5.5bn for the development of a full casino resort, Resorts World\u2019s total investment will reach $7.5bn.<\/p>\n\n\n\n<p>Furthermore, Resorts World stated it is prepared to pay a licensing fee of $600m \u2014 $100m above the minimum requirement set by the state.<\/p>\n\n\n\n<p><strong>Robert DeSalvio<\/strong>, President of Genting Americas East, commented: \u201cNo other project will come online faster, generate more financial impact, create more jobs or send more revenue to the state\u2019s education fund, the MTA and local communities than Resorts World New York City.\u201d<\/p>\n\n\n\n<p>Don&#8217;t forget to subscribe to our <a href=\"https:\/\/t.me\/sbceurasia\">Telegram channel!<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Genting Bhd has made progress in its plans to acquire Genting Malaysia, reinforcing its ambitions to expand in the New York market. The primary objective of the transaction is to optimize Genting Bhd\u2019s capital structure to support its New York growth strategy through Genting Malaysia\u2019s Resorts World New York City.&nbsp; By increasing its stake in [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":10356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,1],"tags":[3843,50,9478,1582,46,14507,14504,10139,2365,1444,14505,14506,230],"class_list":["post-11388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gambling","category-news","tag-acquisition","tag-casino","tag-casino-license","tag-expansion","tag-gambling","tag-genting-americas-east","tag-genting-bhd","tag-genting-malaysia","tag-investments","tag-new-york","tag-resorts-world-new-york-city","tag-robert-desalvio","tag-usa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Genting Bhd Advances Genting Malaysia Deal to Strengthen Its New York Presence - SBC EURASIA EN<\/title>\n<meta name=\"description\" content=\"Genting Bhd has made progress in its plans to acquire Genting Singapore, reinforcing its ambitions to expand in the New York market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Genting Bhd Advances Genting Malaysia Deal to Strengthen Its New York Presence - SBC EURASIA EN\" \/>\n<meta property=\"og:description\" content=\"Genting Bhd has made progress in its plans to acquire Genting Singapore, reinforcing its ambitions to expand in the New York market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/\" \/>\n<meta property=\"og:site_name\" content=\"SBC EURASIA EN\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-06T12:57:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-07T06:50:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2025\/08\/Genting-Singapore.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1068\" \/>\n\t<meta property=\"og:image:height\" content=\"611\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"nika rostiashvili\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"nika rostiashvili\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/\"},\"author\":{\"name\":\"nika rostiashvili\",\"@id\":\"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/fe6263b3d6331caebf299a540ebfbdb0\"},\"headline\":\"Genting Bhd Advances Genting Malaysia Deal to Strengthen Its New York Presence\",\"datePublished\":\"2025-11-06T12:57:24+00:00\",\"dateModified\":\"2025-11-07T06:50:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/\"},\"wordCount\":416,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2025\/08\/Genting-Singapore.png\",\"keywords\":[\"acquisition\",\"casino\",\"Casino License\",\"expansion\",\"gambling\",\"Genting Americas East\",\"Genting Bhd\",\"Genting Malaysia\",\"investments\",\"New York\",\"Resorts World New York City\",\"Robert DeSalvio\",\"USA\"],\"articleSection\":[\"Gambling\",\"News\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/\",\"url\":\"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/\",\"name\":\"Genting Bhd Advances Genting Malaysia Deal to Strengthen Its New York Presence - SBC EURASIA EN\",\"isPartOf\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2025\/08\/Genting-Singapore.png\",\"datePublished\":\"2025-11-06T12:57:24+00:00\",\"dateModified\":\"2025-11-07T06:50:14+00:00\",\"author\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/fe6263b3d6331caebf299a540ebfbdb0\"},\"description\":\"Genting Bhd has made progress in its plans to acquire Genting Singapore, reinforcing its ambitions to expand in the New York market.\",\"breadcrumb\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/#primaryimage\",\"url\":\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2025\/08\/Genting-Singapore.png\",\"contentUrl\":\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2025\/08\/Genting-Singapore.png\",\"width\":1068,\"height\":611},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/sbceurasia.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Genting Bhd Advances Genting Malaysia Deal to Strengthen Its New York Presence\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sbceurasia.com\/en\/#website\",\"url\":\"https:\/\/sbceurasia.com\/en\/\",\"name\":\"SBC EURASIA EN\",\"description\":\"SBC EURASIA\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/sbceurasia.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/fe6263b3d6331caebf299a540ebfbdb0\",\"name\":\"nika rostiashvili\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a6fc38973002f762373f92f910cfe28498ceddc953e76061e3ae8b8afd9144b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a6fc38973002f762373f92f910cfe28498ceddc953e76061e3ae8b8afd9144b4?s=96&d=mm&r=g\",\"caption\":\"nika rostiashvili\"},\"url\":\"https:\/\/sbceurasia.com\/en\/author\/nika\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Genting Bhd Advances Genting Malaysia Deal to Strengthen Its New York Presence - SBC EURASIA EN","description":"Genting Bhd has made progress in its plans to acquire Genting Singapore, reinforcing its ambitions to expand in the New York market.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/","og_locale":"en_GB","og_type":"article","og_title":"Genting Bhd Advances Genting Malaysia Deal to Strengthen Its New York Presence - SBC EURASIA EN","og_description":"Genting Bhd has made progress in its plans to acquire Genting Singapore, reinforcing its ambitions to expand in the New York market.","og_url":"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/","og_site_name":"SBC EURASIA EN","article_published_time":"2025-11-06T12:57:24+00:00","article_modified_time":"2025-11-07T06:50:14+00:00","og_image":[{"width":1068,"height":611,"url":"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2025\/08\/Genting-Singapore.png","type":"image\/png"}],"author":"nika rostiashvili","twitter_card":"summary_large_image","twitter_misc":{"Written by":"nika rostiashvili","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/#article","isPartOf":{"@id":"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/"},"author":{"name":"nika rostiashvili","@id":"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/fe6263b3d6331caebf299a540ebfbdb0"},"headline":"Genting Bhd Advances Genting Malaysia Deal to Strengthen Its New York Presence","datePublished":"2025-11-06T12:57:24+00:00","dateModified":"2025-11-07T06:50:14+00:00","mainEntityOfPage":{"@id":"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/"},"wordCount":416,"commentCount":0,"image":{"@id":"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/#primaryimage"},"thumbnailUrl":"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2025\/08\/Genting-Singapore.png","keywords":["acquisition","casino","Casino License","expansion","gambling","Genting Americas East","Genting Bhd","Genting Malaysia","investments","New York","Resorts World New York City","Robert DeSalvio","USA"],"articleSection":["Gambling","News"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/","url":"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/","name":"Genting Bhd Advances Genting Malaysia Deal to Strengthen Its New York Presence - SBC EURASIA EN","isPartOf":{"@id":"https:\/\/sbceurasia.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/#primaryimage"},"image":{"@id":"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/#primaryimage"},"thumbnailUrl":"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2025\/08\/Genting-Singapore.png","datePublished":"2025-11-06T12:57:24+00:00","dateModified":"2025-11-07T06:50:14+00:00","author":{"@id":"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/fe6263b3d6331caebf299a540ebfbdb0"},"description":"Genting Bhd has made progress in its plans to acquire Genting Singapore, reinforcing its ambitions to expand in the New York market.","breadcrumb":{"@id":"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/#primaryimage","url":"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2025\/08\/Genting-Singapore.png","contentUrl":"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2025\/08\/Genting-Singapore.png","width":1068,"height":611},{"@type":"BreadcrumbList","@id":"https:\/\/sbceurasia.com\/en\/2025\/11\/06\/genting-bhd-advances-genting-singapore-deal-to-strengthen-its-new-york-presence\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/sbceurasia.com\/en\/"},{"@type":"ListItem","position":2,"name":"Genting Bhd Advances Genting Malaysia Deal to Strengthen Its New York Presence"}]},{"@type":"WebSite","@id":"https:\/\/sbceurasia.com\/en\/#website","url":"https:\/\/sbceurasia.com\/en\/","name":"SBC EURASIA EN","description":"SBC EURASIA","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sbceurasia.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/fe6263b3d6331caebf299a540ebfbdb0","name":"nika rostiashvili","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a6fc38973002f762373f92f910cfe28498ceddc953e76061e3ae8b8afd9144b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a6fc38973002f762373f92f910cfe28498ceddc953e76061e3ae8b8afd9144b4?s=96&d=mm&r=g","caption":"nika rostiashvili"},"url":"https:\/\/sbceurasia.com\/en\/author\/nika\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/posts\/11388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/comments?post=11388"}],"version-history":[{"count":2,"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/posts\/11388\/revisions"}],"predecessor-version":[{"id":11390,"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/posts\/11388\/revisions\/11390"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/media\/10356"}],"wp:attachment":[{"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/media?parent=11388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/categories?post=11388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/tags?post=11388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}