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Casino News: Group Purchases Resorts World Catskills, Jerry Jones Gets Endorsement

Wednesday, January 8th, 2020

Casino News: Group Purchases Resorts World Catskills, Jerry Jones Gets Endorsement

This week’s casino news follows up on a story from a week ago where the Resorts World Catskills had been nearing bankruptcy. Fast forward to the week and additionally they’ve found a remedy with their woes that are financial.

Genting Group Purchases Upstate New York Casino

The other day, it absolutely was reported that the Resorts World Catskills was on the brink of bankruptcy. This week, they have found a buyer to aid them escape of economic trouble.

The Genting Group has bought the Resorts World Catskills from Empire Resorts. The announcement comes lower than two months after the casino’s parent business considered filing for Chapter 11 bankruptcy. Empire Resorts announced the purchase with all associated with the remaining shares of its $1.2 billion Las Vegas-style casino in Monticello set to transfer over to the Genting Group in the deal.

The Genting Group ended up being currently the investor that is largest in this specific casino, cool cat casino no deposit bonus codes june 2018 owning 86-percent of the stocks before they completed their many recent deal. According to reports, the Genting Group purchased the remaining shares at about 15-percent a lot more than their current market value. After its latest purchase, Genting Group now has a total of 40 gambling enterprises in its portfolio. Year the expectation is that the sale is to be completed at some point before the end of the calendar.

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