MGM Resorts International has officially withdrawn its application to convert the Empire City racetrack in Yonkers into a full-scale commercial casino. The planned expansion, initially budgeted at about US$2.3 billion, would have added live dealer games, entertainment venues, hotels, and a convention component. The decision marks a dramatic pivot, as MGM had already cleared a major approval step when Yonkers’ Community Advisory Council unanimously supported the proposal.
Vietnam’s Ho Tram resort region is undergoing a transformative expansion that places wellness and lifestyle at the heart of its next development phase. Spearheaded by Lodgis Hospitality Holdings in partnership with VinaLiving, the new project—Maia Ho Tram—is envisioned as a landmark integrated development combining hospitality, residences, wellness facilities, and immersive nature-based design.
Genting Berhad has launched a conditional voluntary takeover bid worth RM6.74 billion (≈ US$1.59–1.6 billion) to acquire the remaining 50.64 percent of Genting Malaysia Berhad (GENM) that it does not already own, offering RM2.35 per share. Presently, Genting Berhad holds about 49.36 percent of GENM, and if the offer succeeds, the parent will gain full control over its casino and hospitality arm.
In a move that underscores Macau’s evolving economic ambitions, six major casino operators jointly pledged MOP120 million (about US$15 million) to sponsor this year’s 72nd Macau Grand Prix, slated from November 13 to 16. Each of the operators—Galaxy Entertainment, Melco Resorts, MGM China, Sands China, SJM Resorts, and Wynn Macau—contributed MOP20 million apiece. According to the organizing committee, the total event budget is estimated at MOP240 million, meaning casinos cover half of the cost.
Kenneth Feng, President of MGM China, recently emphasized that the NBA preseason games scheduled in Macau this October stand to benefit all six casino operators in the enclave—not just those directly hosting the events. However, Feng cautioned that meaningful content and sustained programming must be at the core, or the effort risks being a flash in the pan.
Author: Janice Chew • Wednesday, 15/10/2025
