Las Vegas, New York Casinos Fuel Asian Gambling's U.S. Push
- Malaysia’s Genting has three U.S. projects under way
- Bet on U.S. comes as growth prospects uncertain in Asia
Las Vegas will be getting its first new casino on the Strip in a decade. And the only casino currently operating in New York City, at the Aqueduct Racetrack in Queens, is being upgraded to include a 400-room hotel with a celebrity-chef restaurant.
They’re both part of the huge U.S. expansion plans of the Genting Group, a Malaysian conglomerate that’s seeking to move beyond its Asian roots -- not just in New York and Las Vegas, but in Miami and suburban Massachusetts as well. Genting announced Thursday it was breaking ground on the $400 million project near New York’s John F. Kennedy International Airport. Genting’s affiliate, Empire Resorts Inc., also plans to open a $1.2 billion casino resort in the Catskill mountains outside New York City early next year.