Billionaire Lim Kok Thay Bets $5.5 Billion To Expand New York Casino After Winning New License
PositiveFinancial Markets

- Billionaire Lim Kok Thay has announced a significant investment of $5.5 billion to expand his casino operations in New York following the acquisition of a new gaming license. This move is part of Genting's broader strategy to enhance its presence in the U.S. market, particularly in light of increasing competition in Asia.
- This development underscores Genting's commitment to growth in the competitive gaming industry and reflects Lim Kok Thay's confidence in the potential profitability of the New York market, which may lead to increased job creation and economic activity in the region.
— via World Pulse Now AI Editorial System



