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.
Oct 25, 2021A senior executive at the promoter of casino resort Tigre de Cristal (pictured in a file photo), in the Russian Far East, says its business has been well supported by domestic customers seeking...
”The notion that somehow the Macau gaming companies can be used by China as negotiating pawns in a geopolitical negotiation with the U.S. is definitely without merit”
Vitaly Umansky, Louis Li and Kelsey Zhu
Analysts at brokerage Sanford C. Bernstein Ltd