• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 17 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Genting Malaysia’s US subsidiary files motion to dismiss US$600 million claim by disgruntled partner in Bahamas resort

Ben Blaschke by Ben Blaschke
Tue 26 Nov 2024 at 04:32
Genting sued by partner in Bahamas casino Resorts World Bimini for alleged “massive and co-ordinated fraud”

Resorts World Bimini

36
SHARES
904
VIEWS
Print Friendly, PDF & Email

Genting Malaysia’s US subsidiary has filed a motion with the US District Court, Southern District of Florida to dismiss a suit against it by a key partner in Resorts World Bimini (RWB) in the Bahamas due to it being a shareholder dispute.

In a filing with the Malaysian bourse, Genting Malaysia said that Genting Americas Inc wants the complaint dismissed on multiple grounds, including that “this is a shareholder dispute and therefore should be dealt with pursuant to the Shareholders’ Agreement between the shareholders of [RWB operator] BB Entertainment Ltd in a forum other than the US Court.”

Genting Malaysia also says the claims are “time-barred” and that the complaint fails to adequately allege facts showing that the required elements for each claim have been met.

“Genting Americas Inc continues to firmly believe that the Complaint is baseless and without merit, and will continue to defend against these claims,” it said.

The motion to dismiss comes after RAV Bahamas, which owns 22% of BB Entertainment, filed a lawsuit with the court in early October alleging Genting – owner of a majority 78% – has turned the IR into a “financial wasteland” by dumping onto it almost a billion dollars in debt.

The lawsuit describes Genting’s alleged actions as “a massive and co-ordinated fraud” that has left assets contributed to RWB by RAV Bahamas as “essentially worthless”. It also accuses Genting of “depriving” the joint venture of profits and says the Malaysian firm “has deliberately kneecapped” its efforts to dig deeper by denying full access to the books.

Genting Malaysia has since described the claim as “malicious and baseless” and accused RAV of seeking to extract an “exorbitant payment”.

BB Entertainment was formed as a 50/50 joint venture in 2012 to further develop RAV’s existing Bimini Bay, with RAV contributing the 20 acres of land upon which RWB now sits before Genting assumed majority control in 2015. RWB comprises a 10,000 square-foot casino, 305 hotel rooms, restaurants, lounges and a jetty to dock cruise ships.

RelatedPosts

Nevada’s 440 casinos closed as Governor issues unprecedented shut down of all non-essential businesses

IAG’s sister company CDC Gaming launches 4th annual “10 Women Rising in Gaming” alongside Global Gaming Women

Wed 9 Jul 2025 at 06:15
IGT, Scientific Games help boost AGEM Index in December

Konami, Aristocrat lead strong gain for AGEM Index in June

Tue 8 Jul 2025 at 05:44
Abbiati targeting North and South American markets via strategic alliance with Hawkins Holdings

Abbiati targeting North and South American markets via strategic alliance with Hawkins Holdings

Wed 2 Jul 2025 at 09:39
Apollo completes acquisition of IGT gaming and digital businesses and Everi, new entity to trade under IGT name

Apollo completes acquisition of IGT gaming and digital businesses and Everi, new entity to trade under IGT name

Wed 2 Jul 2025 at 06:28
Load More
Tags: BahamasGenting AmericasGenting MalaysiaLawsuitNorth AmericaResorts World Bimini
Share14Share3
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Editorial – Land of sunshine

DigiPlus warns of consequences in banning online gaming as shares suffer another big fall

by Ben Blaschke
Thu 17 Jul 2025 at 06:43

On the same day as its shares suffered their second-biggest single day fall, leading Philippines gaming technology firm DigiPlus Interactive Corp has warned that a total ban on online gaming operations in the country would do little to alleviate concerns...

Veiled message for Thailand as Singapore’s Prime Minister hails visionary “risk” leaders took in approving casino development

Veiled message for Thailand as Singapore’s Prime Minister hails visionary “risk” leaders took in approving casino development

by Ben Blaschke
Thu 17 Jul 2025 at 06:06

Singapore Prime Minister Lawrence Wong has expressed his belief that the best is yet to come for Singapore with the US$8 billion expansion of Marina Bay Sands (MBS), but admitted that making the decision 20 years ago to develop large-scale...

Philippine gambling operators now required to run all advertisements by Ad Standards Council before airing under new PAGCOR MoU

Philippine gambling operators now required to run all advertisements by Ad Standards Council before airing under new PAGCOR MoU

by Newsdesk
Wed 16 Jul 2025 at 19:10

The Philippines’ Ad Standards Council (ASC) will require all gambling-related advertisements for corporate operators to be viewed and approved before being screened or published under a Memorandum of Understanding signed with gaming regulator PAGCOR on Wednesday. The MoU adds gambling...

Macau visitor numbers back to 95% of 2019 levels in first half of 2025

Macau visitor numbers back to 95% of 2019 levels in first half of 2025

by Pierce Chan
Wed 16 Jul 2025 at 14:47

Macau’s Tourism Development Committee has revealed that the SAR’s visitor numbers rose by 15% year-on-year to 19.2 million in the first half of the year, recovering to 95% of 2019 levels. The Committee held its first meeting of the year...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English