KUALA LUMPUR (Sept 17): Genting Malaysia Bhd (KL:GENM) said on Wednesday that its business partner RAV Bahamas Ltd has filed an amended complaint in a US court in Florida.

The amended complaint, lodged on July 29, names Genting Malaysia’s indirect wholly owned subsidiary Genting Americas Inc (GAI) and repeats earlier allegations without introducing new material facts.

“GAI maintains that the amended complaint is baseless and without merit and will continue to vigorously defend against these claims,” Genting Malaysia said in a filing with Bursa Malaysia.

GAI — an affiliate of BB Entertainment Ltd, the owner and operator of Resorts World Bimini in the Bahamas — was first named in a complaint by RAV in October 2024. BB Entertainment is 78%-owned indirectly by Genting Malaysia, with RAV holding the remaining 22%.

RAV alleges that GAI saddled Resorts World Bimini with nearly US$1 billion in debt, turning it into a “financial wasteland”, according to Bahamian news portal The Tribune. It is seeking more than US$600 million (RM2.57 billion) in damages.

The US District Court, Southern District of Florida, had previously dismissed RAV’s initial lawsuit in July but allowed it to be refiled. At the time, the court agreed with Genting’s position that the original claim was “merely a shareholders’ dispute”.

Shares of Genting Malaysia ended three sen or 1.4% higher at RM2.17 on Wednesday, valuing the group at RM12.9 billion.

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