The United States House of Representatives has passed a bill that recognizes the Mashpee Wampanoag (MW) tribe’s sovereignty over 321 acres of land, including the site marked for MW and Genting Malaysia’s First Light Resort & Casino. Prospects for the proposed casino in Taunton Massachusetts was thrown into disarray in 2016 due to reservation land […]
The Mashpee Wampanoag tribe announced earlier this week that it plans to open a $1 billion casino in Taunton, in South Boston by August 2017. Tribal officials told a news conference in Taunton City Hall that the 150-acre site, “Project First Light” will begin next month, to be opened by the fourth quarter of 2017, […]
Genting Massachusetts may be aiding the Mashpee Wampanoag tribe in building and managing its $500 million First Light Resort and Casino development, in return for interest income and management fees, according to a note from Maybank. However, given the lack of details, the Maybank analysts can only gather the development cannot be negative to Genting […]
Genting Malaysia, the country’s only casino operator, is ramping up preparation works as it prepares to begin rolling out the first stages of its RM10.38 billion ($2.46 billion) Genting Integrated Tourism Plan in the second half of this year. The company, which has said that it expects the economic environment to be challenging in 2016, is forecast to open its Sky Avenue & Sky Plaza shopping malls, and a new cable car station progressively by the end of the year. However, its much touted Twentieth Century Fox World theme park has been delayed to late 2017. The plan is still seen as the main catalyst for growth at the company as its overseas operations face headwinds.