Genting Malaysia to eliminate Empire Resorts debt via sale and lease back agreement for non-gaming assets of New York’s Resorts World Catskills  

Genting Malaysia has announced plans to sell off a raft of non-gaming assets associated with its Resorts World Catskills (RWC) integrated resort in New York state, and subsequently purchase the land upon which those facilities sit, in a move designed to clear debt and reduce expenses held by its wholly-owned subsidiary Empire Resorts. In a…

E-gambling crisis feared amid regulatory gaps

A growing group of lawmakers, regulators and public health advocates is sounding the alarm over the unchecked rise of online gambling in the Philippines, warning that addiction, debt, and crime linked to digital betting platforms are escalating into a full-blown national crisis. Following a Senate hearing last week, Senator Rodante “Dante” Marcoleta urged the Philippine…