GENTING MALAYSIA GENM Group's appointment as the manager of First Light Resort & Casino, which is pending approval from the National Indian Gaming Commission, is expected to be for a period of 7 years commencing from the opening of the said property.
The 900-room resort casino will be opened in phases, and once fully completed, will feature the following:
A luxury hotel complete with spa, a large pool and meeting facilities;
A mid-range hotel with a 15,000 square feet convention centre and a 200-seater 24-hour restaurant;
A family hotel consisting of a 25,000 square feet indoor/outdoor water park;
A dynamic, high-concept 150,000 square feet casino featuring 3,000 slots, 150 gaming tables and 40 poker tables;
Inviting retail shopping destinations and extensive cuisine selections.
GENM Group has to-date invested US$249.5 million in interest bearing promissory notes issued by the Mashpee Wampanoag Tribal Gaming Authority for the initial development phase of the Project. Though GENM Group does not have any equity interest in the Project or the Tribe, which is sovereign, the investment in notes allows the Group to enhance the returns expected from its involvement in the Project.
GENM Group's foray into the gaming industry in Massachusetts is expected to complement and further establish the Group's growing presence in the USA, where it already has operations and developments in the states of New York and Florida.
For further details on the Project, please visit their official website at http://www.projectfirstlight.com.
About Genting MalaysiaGenting Malaysia is one of the leading leisure and hospitality corporations in the world. Listed on Bursa Malaysia with approximately RM25 billion in market capitalisation, Genting Malaysia owns and operates major properties including Resorts World Genting, Resorts World Casino New York City, Resorts World Bimini, Resorts World Birmingham and other casinos in the United Kingdom.
Resorts World Genting is a premier leisure and entertainment resort in Malaysia. It is equipped with over 9,000 rooms spread across 6 hotels, theme parks and entertainment attractions, dining and retail outlets, international shows and business convention facilities. The Group has embarked on a 10-year master plan to reinvigorate and transform Resorts World Genting under the Genting Integrated Tourism Plan. This includes the development of the world's first Twentieth Century Fox World theme park. Its first offering - the new 1,300-room First World Hotel Tower 3 - was fully opened in June 2015. First World Hotel is now the "World's Largest Hotel", as recognised by Guinness World Records. The other attractions and facilities under the Genting Integrated Tourism Plan are expected to be opened in stages from the second half of 2016.
In Malaysia, Genting Malaysia also owns and operates Resorts World Kijal in Terengganu and Resorts World Langkawi in Langkawi.
In the United Kingdom, Genting Malaysia is one of the largest casino operators and a leading innovator in the provision of high quality customer-focused gaming. It operates 6 casinos in London and 36 casinos in the UK provinces. The Group's latest property, Resorts World Birmingham, was opened in October 2015.
In the United States of America, Genting Malaysia operates Resorts World Casino New York City, the first and only video gaming machine facility in New York City, at the site of Aqueduct Racetrack. As a premier entertainment hub, Resorts World Casino New York City offers the ultimate gaming and entertainment experience, with electronic gaming machines, shows, events and culinary delights.
In the Bahamas, the Group operates Resorts World Bimini, which features a casino, villas, other accommodations, restaurants and bars, resort amenities and the largest marina in the Bahamas.
Genting Malaysia is a member of the Genting Group, one of Asia's leading and best-managed multinationals. The Genting Group is led by Tan Sri Lim Kok Thay, a visionary entrepreneur who has established Resorts World branded properties in Malaysia, Singapore, the Philippines, the United States, the Bahamas, the United Kingdom and soon in South Korea, as well as spearheading global investments in oil palm plantations, power generation, oil & gas, property development, cruise, biotechnology and other industries.
For more information, visit http://www.gentingmalaysia.com or contact ir.genm@genting.com. For information on the major properties of Genting Malaysia
Resorts World Genting, visit www.rwgenting.com
Genting Casinos UK Limited, visit www.gentingcasinos.co.uk Resorts World Casino New York City, visit www.rwnewyork.com Resorts World Birmingham, visit www.resortsworldbirmingham.co.uk Resorts World Bimini, visit www.rwbimini.com
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Genting Malaysia Bhd issued this content on 01 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 06 April 2016 06:13:17 UTC
Original Document: http://www.gentingmalaysia.com/press_release/Press Release_Project First Light.pdf
