Malaysian company invests $55M for stake in Empire Resorts

A Malaysian company plans to invest $55 million for a minority stake in Empire Resorts, which owns Monticello Gaming and Racing in Monticello, N.Y. Kien Huat Realty III previously financed casinos in New York and Connecticut, including Foxwoods Resort and Casino. The family-run company also owns a substantial stake of Star Cruises Ltd., the largest cruise operator in Asia.

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Mid-Hudson News Network (Middletown, N.Y.) · Wall Street Journal, The

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