Not even a decade ago, Genting Group and its bold, free-spending chairman, KT Lim, looked poised to take the U.S. gaming market by storm.
The Malaysian gaming company had just opened the nation’s largest slot palace in Queens, inked a deal with a Massachusetts tribe to build a $1bn casino-resort, and spent more than $236m on the former Miami Herald building in hopes of winning approval to open a Florida casino.
Barely eight years later, Genting’s efforts to build a U.S. gambling business have been mixed at best.
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