7.25.19 - Genting looks to take Catskills casino parent firm private
The chairman of the corporate parent of Resorts World Catskills casino announced plans today to buy out the remainder of the publicly traded shares in the company.
Doing so would remove some of the outside pressure on the casino and its operators, the closest one in the state to the New York City market. It has bet heavily on marketing to Asian tourists, as it attempts to overcome its initial struggles since opening early last year.
Lim framed his plan as a demonstration of his "strong commitment" to the casino, which employs about 1,600 people.