Genting risks RM1bil write-off

By TEE LIN SAY

On or off: Artist’s impression of The First Light Resort & Casino in Massachusetts.

PETALING JAYA: Genting Malaysia Bhd (GenM) may have to write off an investment of US$274mil (RM1.18bil) should the US Department of Interior (DOI) effectively decide that construction of the First Light Resort & Casino (FLRC) in Massachusetts is not able to proceed.

A definite decision on this issue will be made by June 19, 2017.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Subscribe

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Subscribe

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only

Subscribe
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , First , Light , resort , Genting , write-off , stocks , shares , Massachusetts , stocks , shares ,

   

Report it to us.

Next In Business News
Metal markets rush to adjust to clampdown
Apple’s US$1bil outlay may be a fleeting win
MKHOP’s plantation land deals in the pipeline
Google offers to loosen search agreements
Tether sees US$10bil in net profits for 2024
Qualcomm wins key chips trial against Arm
Higher gold prices expected to boost Malaysia’s exports
Evolving strategies for US market growth
Painting a brighter future
China property flare-ups resurface as crisis enters its fifth year

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.