Monday 23 January 2012

Genting to be new host of New York International Auto Show?


Investors in Genting and those who keep a close eye on the money scene in Kuala Lumpur mayknow that Genting's Resorts World received a groundbreaking casino licence in New York in 201 and they are now in the process of completing the new Aqueduct Racetrack casino and multi-development project.

You can read the interesting story of how Genting made the successful bid through the help of lobbyists and local know-who in The New York Times, HERE

Wikipedia puts it;

On August 3, 2010, Lottery officials announced they had acceptedGenting Group's $380 million upfront licensing fee bid, which was $55 million more than the closest bid. Its business model includes targeting flyers stranded at John F. Kennedy Airport. The company said its plans involve 1,200 construction jobs and 800 permanent jobs and will bring the state $500 million a year in revenue.[37]Genting opened the Resorts World Casino New York City on October 28, 2011, with 2,280 gaming terminals.[39]

What we also do not know is that New York's Governor Andrew Cuomo is thinking of moving the New York International Auto Show from the Jacob Javits Centre to his new baby, the USD4billion Aqueduct development.

With that we may have Genting New York LLC hosting the New York International Auto Show

below is the video of the centre as of Oct 2011




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