Thursday, June 10, 2010

Genting M'sia unit submits US$1m fee to bid for NY video lottery

KUALA LUMPUR: Genting Malaysia Bhd's indirect unit Genting New York LLC has submitted a US$1 million entry fee to the New York Lottery in a move to make a bid for the the video lottery operations in the city.

"This payment allows Genting NY to participate in the bidding process to develop and operate a Video Lottery Facility at Aqueduct Racetrack in the city of New York," the company said on Thursday, June 10

Genting NY is evaluating the project and has until June 29 to decide if it wishes to formally submit a bid. The payment was made on June 1.

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