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Genting Gets US$1.5 Billion Bid for Miami Property, Continues New York Developments

Malaysian top-tier gaming operator, Genting Berhad, has recently announced the sale of 16 acres of land of its premium Miami real estate property. According to the Bloomberg report cited by IAG, the casino giant has already received five bids exceeding us$ 1 billion for the attractive location, with one hitting almost US$1.5 billion.

Finalizing the Sale:

Genting unveiled its intention to sell the land less than four months ago after the failure of its 10-year lobbying campaign to have Florida’s state gaming laws changed to…