Billionaire Lim Kok Thay’s Genting Building New Hotel, Arena In $5.5 Billion New York Casino Push
Google News
Genting is expanding its NYC casino resort with a $5.5 billion plan for new hotels and an arena.Summary
Genting Group, controlled by Malaysian billionaire Lim Kok Thay, is advancing a $5.5 billion expansion of its Resorts World New York City casino. The second phase includes constructing a 1,200-room Crockfords Hotel, a 7,000-seat entertainment venue, and a 400-room hotel tower to complement the existing Hyatt Regency. The project aims to increase gaming space to 500,000 square feet, adding 6,000 slot machines and 800 gaming tables, with an expected annual revenue of $2.2 billion. This expansion follows the resort's successful opening in April, which made it the largest U.S. casino by gross gaming revenue.
(Source：Google News)