9.13.20 - Genting Malaysia to inject RM625m into Empire Resorts Inc
'In a statement by GentingM to Bursa Malaysia last Friday, it stated that it would subscribe for the series L preferred stock of Empire for US$150mil and the funds will be used for working capital and financing purposes.'
'“The equity injection will be funded through internally generated funds and/or bank borrowings, the mix of which has not been determined as yet, ” it said.'
'GentingM also said the equity injection will enable it to continue securing its position to participate in the prospects and future growth of Empire, particularly in relation to the Orange County Opportunity and the potential expansion of sports betting opportunities within the state of New York.'