Genting Berhad ADR (GEBEY) - Grey Market
  • Fri, May 20, 9:24 AM
    • The Nevada Gaming Commission approves Genting Berhad (OTCPK:GEBHF, OTCPK:GEBHY, OTC:GEBEY) to take a lead role in the development of a massive $4B project on the Las Vegas Strip where the historic Stardust Resort and Casino once stood.
    • The Chinese-themed Resorts World Las Vegas property will include over 3K rooms and a 150K-square foot casino. An opening in 2019 is anticipated.
    • What's notable about the project is that it's moving forward despite the tail-off of high-end Chinese gamblers in LV.
    • Analysts think the Asian-focused Resorts World could be a net positive for other Strip properties due to the impact on tourism.
    • Related stocks: WYNN, MGM, CZR.
    • Related ETF: BJK.
    | Fri, May 20, 9:24 AM | 5 Comments
  • May 4, 2015, 2:48 PM
    • The iconic Riviera hotel and casino in Las Vegas closes its doors today after a 60-year run on the Strip.
    • The Las Vegas Convention and Visitors Authority plans to use the location to build a new $2.3B business complex sometime in the future.
    • Across the street from the Riviera, construction for Genting's (OTCPK:GEBHY, OTC:GEBEY) new Asian-themed mega-complex begins tomorrow. The $7B resort is slated to include four towers and over 6.5K rooms.
    | May 4, 2015, 2:48 PM
  • Mar. 24, 2015, 7:20 AM
    • Genting Berhad (OTCPK:GEBHF, OTCPK:GEBHY, OTC:GEBEY) plans to break ground on May 5 on a $4B project on the Las Vegas Strip.
    • Resorts World Las Vegas is expected to include 3K hotel rooms, 30 restaurants, and a large casino.
    • The site for the complex is the old location of the historic Stardust hotel and an abandoned project from Boyd Gaming.
    | Mar. 24, 2015, 7:20 AM
Company Description
Currently, there's no company description for GEBEY.
Sector: Services
Industry: Resorts & Casinos
Country: Malaysia