Monday, June 20, 2011

Genting up on Miami project

KUALA LUMPUR: GENTING BHD []'s shares rose on Monday, June 20 after the gaming group announced it was pushing ahead with its US$3 billion Resorts World Miami mixed development.

Genting rose six sen to RM10.92 at 9.25am with 228,900 shares done.

Genting's announcement of the hiring of Miami-based Arquitectonica to create the master plan for its project came after three weeks of its successful US$236 million (RM717 million) bid for a 13.9-acre (5.6ha) waterfront land in northern downtown Miami, though a casino licence is not yet within reach.

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