Genting Malaysia says Empire Resorts to be debt-free via sale of non-gaming at Resorts World Catskills
Global casino operator Genting Malaysia Bhd, controller of loss-making United States-based casino business Empire Resorts Inc, says the latter is to become “debt-free” via a deal that will see its non-gaming assets sold off for US$525.0-million in cash. The money raised will enable Empire – an entity wholly owned by Genting Malaysia – to pay…

