• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

GEN Malaysia to get 7-yr contract for tribal casino

Apr 05, 2016 Newsdesk Latest News, Top of the deck, World  


GEN Malaysia to get 7-yr contract for tribal casino

Casino operator Genting Malaysia Bhd confirmed in a filing that it would be managing the casino at a resort being developed by a Native American tribe in Massachusetts in the United States.

The firm’s appointment as manager of the casino “is expected to be for a period of seven years commencing from the opening of the … property,” Genting Malaysia said on Friday in a filing to Bursa Malaysia.  The appointment is still pending approval from the National Indian Gaming Commission, it added.

The Mashpee Wampanoag Tribe is developing the US$1-billion First Light Resort and Casino (pictured in a rendering) in Taunton, located approximately 64.4 kilometres (40 miles) south of Boston, Massachusetts. The tribe held a ground-breaking ceremony for the scheme on Tuesday.

The project includes a 150,000 square feet (13,935 sq metres) casino, featuring 3,000 slot machines, 150 gaming tables and 40 poker tables, according to Genting Malaysia’s filing. The casino will be managed by one of Genting Malaysia’s subsidiaries, Genting Massachusetts LLC.

Tribal leaders last month reportedly told the Gaming Commission they expect to break ground on the project this month and plan to have a portion of the casino open for business by the summer of 2017.

Genting Malaysia – part of Malaysian conglomerate Genting Bhd – runs Resorts World Genting, Malaysia’s only casino resort, and operates casinos in the United States, the Bahamas and the United Kingdom.

In Friday’s filing Genting Malaysia said it does not have any equity interest in the new project. The company has so far invested US$249.5 million in interest-bearing promissory notes issued by the Mashpee Wampanoag Tribal Gaming Authority for the initial development phase of the casino resort, it said.

“Genting Malaysia group’s foray into the gaming industry in Massachusetts is expected to complement and further establish the group’s growing presence in the U.S., where it already has operations and developments in the states of New York and Florida,” said the casino operator.


  • tweet
Related articles
  • Genting Malaysia 4Q EBITDA halved sequentially
    Genting Malaysia 4Q EBITDA halved...

    Feb 26, 2021  

  • GEN Malaysia aims 2Q launch for US$800mln theme park
    GEN Malaysia aims 2Q launch for...

    Feb 23, 2021  

More news
  • 2021 board named for International Gaming Standards Assn
    2021 board named for International...

    Mar 02, 2021  

  • Foreigner-only Vietnam casinos seek local trade: report
    Foreigner-only Vietnam casinos seek...

    Mar 02, 2021  


Latest News

2021 board named for International Gaming Standards Assn

2021 board named for International Gaming Standards Assn

Mar 02, 2021  

The International Gaming Standards Association (IGSA) has added to its board Scott Cowan, manager of destination gaming at Canada’s Atlantic Lottery Corp. Other sitting senior officials and board...
Read More
Foreigner-only Vietnam casinos seek local trade: report

Foreigner-only Vietnam casinos seek local trade: report

Mar 02, 2021  

IGT, Sci Games in cross-licensing deal on cashless gaming IP

IGT, Sci Games in cross-licensing deal on cashless gaming

Mar 02, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

”Consumers are increasingly comfortable using cashless technology, and they will continue to expect this option to be available on the floor"

Matt Wilson

Chief executive – gaming business at casino equipment and technology supplier Scientific Games



Most Popular

  • Macau VIP challenged by changes in China: Galaxy Ent bossMacau VIP challenged by changes in China: Galaxy Ent boss February 25, 2021
  • Melco’s Lawrence Ho hopeful on Macau recovery in MarchMelco’s Lawrence Ho hopeful on Macau recovery in March February 26, 2021
  • Galaxy Macau to add Raffles-branded hotel towerGalaxy Macau to add Raffles-branded hotel tower March 1, 2021
  • Macau casino GGR down 9pct m-o-m in February: govtMacau casino GGR down 9pct m-o-m in February: govt March 1, 2021
  • Suncity to open clubs at Londoner Macao, Lisboa PalaceSuncity to open clubs at Londoner Macao, Lisboa Palace February 26, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us