New York’s Empire Resorts Considering Bankruptcy

Genting Malaysia is joining with Kien Huat Realty, controlled by Genting Chairman Lim Kok Thay (l.), Empire’s majority shareholder, for a series of transactions aimed at taking Empire private. If completed, the moves will put Genting in direct operational control of Resorts World Catskills. But until that time, Empire has notified the SEC bankruptcy may be an option.