Casino News: Group Purchases Resorts World Catskills, Jerry Jones Gets Endorsement
This week’s casino news follows up on an account from the other day in which the Resorts World Catskills was bankruptcy that is nearing. Fast forward to this week and additionally they’ve found an cool cat casino $100 no deposit bonus codes 2019 answer for their woes that are financial.
Genting Group Purchases Upstate New York Casino
The other day, it had been stated that the Resorts World Catskills was on the brink of bankruptcy. This they’ve found a buyer to help them get out of financial trouble week.
The Genting Group has bought the Resorts World Catskills from Empire Resorts. The announcement comes significantly less than two weeks after the casino’s parent business considered filing for Chapter 11 bankruptcy. Empire Resorts announced the purchase with all for the remaining shares of its $1.2 billion Las Vegas-style casino in Monticello set to transfer up to the Genting Group into the deal.
The Genting Group had been already the investor that is largest in this specific casino, owning 86-percent of the shares before they completed their most recent deal. According to reports, the Genting Group purchased the remaining shares at about 15-percent a lot more than their current market value. As a result of its purchase that is latest, Genting Group now has a total of 40 casinos 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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