Casino News: Group Purchases Resorts World Catskills, Jerry Jones Gets Endorsement
This week’s casino news follows up on an account from a week ago in which the Resorts World Catskills ended up being bankruptcy that is nearing. Fast forward to the week and additionally they’ve found a remedy with their financial woes.
Genting Group Purchases Upstate New York Casino
A week ago, it had been stated 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 lower than two months after the casino’s parent business considered filing for Chapter 11 bankruptcy. Empire Resorts announced the sale along with associated with staying shares of its $1.2 billion Las Vegas-style casino in Monticello set to transfer up to the Genting Group into the deal.
The Genting Group had been already the investor that is largest in this specific casino, owning 86-percent of the stocks before they completed their most recent deal. According to reports, the Genting Group bought the remaining shares at about 15-percent significantly more than their current market value. Following its latest purchase, Genting Group now has a total of 40 casinos in its portfolio. Year the expectation is that the sale is to be completed at some point before the end of the calendar.
Las Vegas Sands Corp Facing $12 Billion Lawsuit In Macau
The Continue reading