Content Writer: Janice Chew • Wednesday, 25/09/2025 - 23:11:50 - PM
Genting Malaysia Bhd has formally filed a motion to dismiss the Amended Complaint brought by its minority partner, RAV Bahamas Ltd., over the Resorts World Bimini (RWB) casino-resort in the Bahamas. In its announcement to Bursa Malaysia, Genting says that the Amended Complaint, submitted in late July 2025, merely repeats earlier allegations and fails to introduce any “new material factual elements.” The legal action is being handled through Genting’s U.S. subsidiary, Genting Americas Inc., in the United States District Court for the Southern District of Florida.
The original complaint from RAV Bahamas, which holds 22 % of BB Entertainment Ltd (the operating company for RWB), alleged that Genting, which owns 78 %, has misused its majority control to burden the joint venture with nearly US$885 million in liabilities, many of which RAV claims were incurred elsewhere but shifted onto RWB’s books. RAV also accused Genting of denying proper access to financial records, inhibiting independent audits, and depriving RAV of its share of profits. Genting, for its part, has called the allegations “baseless and without merit,” describing them as essentially a shareholder dispute rather than fraud.
Back in July 2025, U.S. District Court Judge Joan A. Lenard granted Genting Americas Inc’s motion to dismiss the original complaint in its then-form, while giving RAV one final opportunity to refile with an amended complaint. This amended version is what Genting is now challenging, saying it did not add substantive new factual claims. Genting maintains it will defend vigorously and expects that the Court should dismiss the Amended Complaint ultimately.
The larger stakes in this case go beyond financial damages. For RAV Bahamas, the lawsuit aims to address what it sees as value being eroded in its investment, especially with little or no profit distributions despite contributing land and other assets. For Genting, the outcome will affect both its reputation and its legal exposure, not to mention potential implications for how joint ventures are structured, especially in overseas resort-casino developments. Observers are watching closely how the Amended Complaint is handled, since dismissal could set a precedent for what counts as materially “new” in shareholder litigation, while allowing it to proceed might mean a deeper probe into financial practices at Resorts World Bimini.
