We have heard a lot about the Genting Gambling Group lately, especially with their land based casino project in the new mecca of gambling Florida. The Genting Group is an Asian conglomerate, based in Malaysia and was voted Malaysia’s leading corporation and one of Asia’s best managed multinationals.
From its initial leisure and hospitality activities, the Genting Group has since expanded and diversified into other activities including plantations, properties, power generation, oil and gas, e-commerce, information technology and biotechnology. As if all those activities were not enough, the Genting Group has decided to take over different but promising ventures outside of Malaysia.
The Genting Group opened resorts in Singapore, Hong Kong and the Philippines, supported the capital raising exercise of MGM Mirage, won a bid to build a Casino at Aqueduct Race Track in New York City, secured deals with native Indians owned land casinos and has recently purchased 14 acres of Biscayne Bay front land surrounding the headquarters of The Miami Herald for US$236 million.
The land is to be used for a mixed use development, Resorts World Miami, which would include hotels, restaurants, residences, retail shops and a convention centre. Genting Group sees this land acquisition as a vital step in expanding internationally, especially in the United States.
The Genting Group owns the largest number of casinos in the UK with 46 casinos and has its own online casino at www.gentingcasino.com. And to top it all, the Genting Group is also the principal sponsor of the top English Premier League club Aston Villa.
It goes without saying that the Genting Group is seeing things boldly and is sure to invest in more gambling businesses. With the future of online gambling becoming clearer in the US and should it be legalized, we are due to hear the name Genting in the headlines again.
Written for Online Casinos Gambling by Helen.
