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Genting Malaysia to shuffle Alderney subsidiary to streamline UK business
According to a filing on Bursa Malaysia (formerly Kuala Lumpur Stock Exchange) this week, Genting Malaysia Bhd will acquire all shares of Genting Alderney Ltd for US$10.9 million, streamlining its UK gaming business. Genting Alderney is the wholly owned subsidiary of RWI International Investments Ltd that operates online casino games, live casinos, sports betting, and poker rooms in the UK. The US$10.92 million cash purchase will be financed with internally generated funds.
Genting Malaysia operates land-based casinos in Malaysia, the United States, and the Bahamas and will …