Brooklyn Borough President Eric Adams speaks at the Barclays Center. | Mark Lennihan/AP Photo
Adams role in Aqueduct fiasco raises ethical questions anew
As a rising star in the state Senate a decade ago, Eric Adams drew scrutiny from the state inspector general for his role in picking a troubled operator to run a gambling operation at the Aqueduct Racetrack in Queens.
The now mayoral hopeful was caught up in a probe that condemned the politicized process leading to the initial 2010 selection of Aqueduct Entertainment Group to run video slot machines at the track. Adams was the chair of the Senate Racing and Wagering Committee when the choice was made.
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The Malaysian operations of Genting Malaysia Bhd should “turn around after the second quarter” this year, but the “drag” on the group caused by an associate, Empire Resorts Inc – which runs Resorts World Catskills, in upstate New York in the United States – “needs to be resolved soon,” said a Wednesday note from the Nomura banking group.
While Genting Malaysia’s first-quarter earnings “will likely be impacted due to an approximately one-month closure” of its flagship Resorts World Genting casino resort (pictured) near the Malaysian capital Kuala Lumpur, “second-quarter 2021 onwards should improve, in our view, led by… progress” in the drive to vaccinate consumers around the region against Covid-19, wrote Nomura analysts Tushar Mohata and Alpa Aggarwal.
KUALA LUMPUR (March 2): US-based law firm Cleary Gottlieb Steen & Hamilton LLP represented Genting New York LLC (GENNY) and its wholly-owned subsidiary GENNY Capital Inc in the group’s US$525 million (about RM2.13 billion) bond or senior notes offering, which was listed in Singapore,
Global Legal Chronicle reported today.
Casino and hotel operator Genting Malaysia Bhd wholly-owns GENNY, which developed and operates Resorts World Casino New York City, the only licensed casino facility within New York City and one of only two casinos located within 30 miles of the city limits of New York City, according to the
Global Legal Chronicle report.