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 16, 2021Macau’s VIP gross gaming revenue (GGR) in the first quarter of 2021 reached nearly MOP9.13 billion (US$1.14 billion), up 19.7 percent sequentially, according to data released on Friday by the...
Apr 16, 2021
Tax revenue collected by the Macau government from the city’s gaming industry in the first three months of 2021