Genting’s Newest Venture in America

May 30, 2011 at 3:40 pm

Few might realise it, but Genting Malaysia not only has theme parks in Malaysia and in Singapore, but also a venture in the United States. Known as Resorts World New York, this venture is located at the historic Aqueduct Racetrack in New York City. But it does not stop there as a recent article mentioned that Genting Malaysia is planning a second development in Miami that will be called Resorts World Miami. The development will include a hotel, convention, entertainment, restaurant, retail, residential and commercial facilities.

Genting Highlands, the first of many successful developments by Genting Malaysia

It is interesting to note that around 50 years ago, Genting was just a dream of a simple but enterprising man by the name of Lim Goh Tong. The story of how he turned that idea into a reality and a success is well known in Malaysia and is often used as an inspiration by those who wish to achieve some measure of success. One question does come to mind, is Lim Goh Tong and Genting Malaysia’s success a flash in the pan? Or is Malaysia capable of producing individuals who are successful not only in their own country, but also all over the world?

Tell us what YOU think.

Read about Lim Goh Tong’s dream of Genting Highlands

Read the full article below:
Genting Malaysia Bhd’s subsidiary, Bayfront 2011 Property, LLC, has purchased land of approximately 5.62 hectares (13.9 acres) in Miami, the United States (US), for a total consideration of US36 million for a mixed-use development.

The land includes the building currently housing The Miami Herald Media Company and an adjacent parking lot, Genting Malaysia said in a statement.

The seller, The McClatchy Company, is the third-largest newspaper publisher in the US and is listed on the New York Stock Exchange. It is also the parent company of the Miami Herald.

The acquisition also involves large prime freehold waterfront properties facing the scenic Biscayne Bay.

Genting Malaysia is working towards developing a comprehensive master plan for Resorts World Miami, as the development will be called. It will include a hotel, convention, entertainment, restaurant, retail, residential and commercial facilities.

The project aims to capitalise on Miami’s standing as one of the world’s leading tourism hubs.

“Resorts World Miami will be a landmark mixed-use development for Miami, Florida and the United States,” said Tan Sri Lim Kok Thay, Chairman and Chief Executive of Genting Malaysia.

The acquisition is an integral step for Genting Malaysia as it seeks to expand internationally in the leisure, hospitality and entertainment industry.

The envisioned Resorts World Miami represents Genting Malaysia’s second venture in the US, after Resorts World New York, at the historic Aqueduct Racetrack in the City of New York.

Source: Bernama

Photo (c) CLF

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