Global casino operator Genting Malaysia Bhd announced on Thursday that shareholders approved a proposal to sell a wholly owned subsidiary that owns four lots of land in Miami, Florida, the U.S. on the same day

Casino Investor To Sell Resorts World Miami LLC For Cash Just Below $1.23 Billion. The litigant is Smart Miami City LLC, a subsidiary of property developer Terra Group.

Genting Malaysia said in a file that it was “delighted to inform the market” that shareholders had approved the deal at an extraordinary general meeting on Thursday. Of the shareholders who voted, 979 voted for the deal and 136 voted against it. 슬롯머신

With a total area of 673,691 square feet (62,588 square meters), the four lots are located close to Miami’s commercial, residential and shopping areas. Genting Malaysia acquired three plots in May 2011 and paid $246 million. The fourth package was purchased in May 2017 for $13 million.

Genting Malaysia operates Resorts World Genting, Malaysia’s only casino property. The group also operates casinos through related companies in the United States, the Bahamas, the United Kingdom, and Egypt.

In early May, the global casino operator said $1 billion of proceeds from the Miami land deal would be used to fund “future investments.”

Genting Malaysia has been confirmed to be potentially applying for a Downstate Casino license in New York for some time. In January, the New York State Game Board launched an Application Request (RFA) process for three game licenses in downtown New York.

Many investment analysts have suggested that Genting Group could be a leader there. It already operates an electronic gaming facility called Resorts World Casino in New York City, and invests in Empire Resorts Inc., which operates the full-service casino resort World Catskills in northern New York.

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