the first bond to be redeemed is usd300 mil from Empire Resorts Inc; due by Nov 2026. The sale of catskills non-gaming assets to Sullivan County is supposed to fund the redemption without the need of capital from GenM and whether Genting Berhad as the parent company will step in? No news on the sale from Sullivan County so far; ghosted.

Not sure who was leading the RWNYC bid but that team should be fired. 56% tax on slots revenue and 30% on table games while the other two license winner are paying 25 to 30% tax on slots revenue and 10% tax on table games. RWNYC paying 600mil license fee instead of 500mil license fee.

Probably eyeing the non-gaming segment since its in New York at the expense of gaming segment? - An updated economic analysis shows Resorts World New York City will create more than 100,000 construction, permanent, indirect and induced jobs, as it realizes the proposed 5.6-million-square-foot integrated resort – the largest in the United States. The historic development will include a spacious 500,000-square-foot casino hosting 10,800 gaming positions, a 7,000-seat entertainment venue, 30 new dining options, day clubs and spas, and more than 12 acres of greenspace, as well as $2 billion in community investments. https://rwnewyork.com/news/resorts-world-new-york-city-submits-supplemental-7-5b-proposal-including-2b-in-community-benefits-for-full-commercial-gaming-license-to-create-largest-integrated-resort-in-the-u-s/

yeah. Bit by bit and unknowingly. Gent increased GenM's stakes at 2.35 previously and market price is now 1.80; ~25% discount. Or rather Gent overpaid for the acquisition by 25%. Lol, no pun intended. Both GenM and Gent has dropped by 25% to 30% since Dec'25. No idea whether the market is punishing its capital misallocations or pricing in - high reinvestment low returns. May stay sideways for sometime until proven otherwise.

still back to you original question, who was dumping and who was buying. why sudden correction from rm3 to rm2.20 now for the past 1 month. is it that all genting resorts and hotels have to close and shut down like back in covid time, not even a single customer back then?

can privatize Genting for 4 billions now. make it 8 billions to pump the price to rm4 offer price..many would be willing to sell. Lim family get a steep discount of 50% if offer to privatize at rm4. not forgetting all the future earning from NY and Singapore would be fully pocketed by them.

agreed with Vin. Additionally, if you look at the q4 report, Gent spent 3.26 bil to buy out GenM's 2.89 bil nci and didn't even meet the min 75% threshold at the close of the mgo. Definitely not easy and not cheap to privatise Gent.

not necessarily must be successful takeover. it could be just a tactic to accumulate back more shares at discounted price..just like GenM. the bosses could easily push up to 75% holding from 73.3% but they stopped and ghosted all d strategic plans for now and remain silence for the past 4 months.

next, genting berhad dropped from 3.50 to 2.20 now since the takeover offer of GenM and the eerily silence for the past 4 months. be reminded that NY casino will start operation in June and Taurx is expected to get the decision from UK MHRA within the next 3-4 months.

total value for equity holders from q4 report is 29.68 bil and market cap right now is 8.6 bil. The market is in the opinion that it is unable to generate good returns from its assets / high reinvestment rate; capital misallocation if you will.

they are also heavily on thematic stocks, jackie. as for the performance, they have analysts working for them and they will ask questions during investor briefing; most of the time forward looking statement/clarifications if you will. After all, they have access to the mgmt that retail investors dont. As for the recent drop, we should not rule out the possibility of investors' margin calls and being squeezed out since there are no corporate actions or announcements.

Both parties ghosted and missing in action - The Sullivan County IDA and Resorts Facilities LDC held a joint meeting on March 31, 2026. During the public comment period, I asked the IDA/LDC board and staff what was the status of the Resorts World Catskills transaction. After a pause, several persons stated that they “have no information” about the status of the transaction, without further explanation or elaboration.