A statement on behalf of the Fox entertainment brand said casino operator Genting Malaysia Bhd’s claim that Fox suitor Walt Disney Co had forced termination of a theme park deal was “simply made up”.
Disney for its part separately described as “utterly without merit” Genting Malaysia’s US$1-billion-plus lawsuit filed in the United States on Monday regarding a stalled plan for a Fox-branded theme park at Resorts World Genting, a casino resort near Malaysia’s capital Kuala Lumpur. Both refuting comments were carried out by multiple media outlets.
Fox Entertainment Group LLC and some related companies – plus Walt Disney Co – were named as defendants in the suit filed in the U.S. District Court in Los Angeles, California, confirmed Genting Malaysia in a filing to Bursa Malaysia on Tuesday.
Genting Malaysia might end up receiving at nil cost some form of new outdoor theme park if it wins the lawsuit, suggested a Tuesday note from Maybank Investment Bank Bhd, observing that the casino firm had said it had so far spent US$750 million on advancing the Hollywood-themed project it had planned with Fox.
Apr 25, 2019The majority of Macau’s top five-star casino hotels are already fully booked for at least part of the upcoming Labour Day holiday, according to information collated by GGRAsia from the hotels’...
Apr 25, 2019
"As [Summit Ascent Holdings] is going to develop phase two of the Tiger de Cristal project, it is the right time for the company to increase its stake… such that the company can have more influence on the development of phase two"
Hong Kong-listed gaming investor Suncity Group Holdings