KUALA LUMPUR (Aug 16): Shares in Genting Malaysia Bhd (GenM) edged up this morning in active trade after the group defended its RM538 million related party transaction in Empire Resorts Inc as a “worthwhile investment”.
At 9.15am, GenM added 0.65% or 2 sen to RM3.09 with 4.57 million shares traded.
It highlighted that Empire’s casino Resort World Catskills (RWC) is located in a prime location and is one of the newest and highest quality gaming assets in northeast US, as well as having access to the all-suite Kartrite Resort.