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.
Feb 20, 2019The development of Macau as a “world tourism and leisure centre” as mentioned by China’s central government in its outline plan for the Guangdong-Hong Kong-Macau Greater Bay Area, could be...
Feb 20, 2019
Feb 20, 2019
"The opening of Morpheus only marks the beginning of the relaunch of City of Dreams"
Lawrence Ho Yau Lung
Chairman and chief executive of Asia casino developer and operator Melco Resorts