KUALA LUMPUR (July 12): Genting New York LLC, an indirect wholly-owned subsidiary of Genting Malaysia Bhd, was named one of the top 10 spending lobbying entities in the US state of New York after casino operator and hotel reportedly spent US $ 1.22 million (approximately RM 5.11 million) in 2020 on lobbying activities there.
According to the latest annual report from the New York State Joint Commission on Public Ethics, Genting New York was the sixth-highest spending lobbying entity in New York City in 2020.
The lobbyists retained by Genting New York are Albany Strategic Advisors LLC, Blue Suit Strategies LLC, C&C GL LLC, Jenkins, Patrick B. & Associates, Skdknickerbocker LLC and Ward Strategies LLC, according to the commission’s annual report.
The list of top 10 spendthrift lobbying entities for 2020 included traditionally active industries and interests related to business, real estate, health and education, but with some notable changes in the entities of these industries. who were in the top 10. Six of the 10 biggest spenders listed lobbying activity related to Covid-19 in their 2020 lobbying reports.
âThe year also reflected a greater involvement of groups with interests in criminal justice and civil rights. Although it spent less than in 2019, the Greater New York Hospital Association, Inc took the top spot in 2020, reporting more than $ 2.99 million in lobbying spending, compared to its spending in 2019, when it placed third among the top 10 entities with just over US $ 3 million.
âLast year’s top-spending entity, Taxpayers For An Affordable New York, which spent over US $ 3.9 million in 2019, had no activity in 2020. As per its 2019 ranking, 1199 SEIU Labor Management Initiatives, Inc. to be the second biggest spender in 2020.
âTo complete the top 10 in 2020, there was New York State United Teachers (up from 9 in 2019); FWD.US, Inc. (new in the top 10); New York State Trial Lawyers Association (up from 10 last year); Genting New York; AARP; FWRA LLC; New Yorkers United For Justice (up from 4 last year) and RAI Services Company (new in the top 10), âthe commission said.
Genting Malaysia’s US casino and hotel business includes those in the US states of New York and Florida, according to the Genting Malaysia website.
In New York state, Genting Malaysia operates the Resorts World Casino New York City (RWNYC) in New York and the Resorts World Catskills (RWC) in the Catskills Mountains, Genting Malaysia said.
âIn addition, the group has embarked on an expansion project at RWNYC to expand its facilities and attractions, including the development of a new 400-room hotel.
âIn Miami, the group has a contiguous 30-acre (12 ha) freehold waterfront site overlooking Biscayne Bay in downtown Miami, Florida. The site includes the Omni Center, which includes retail space, offices, and the 527-room Hilton. Miami Downtown, âGenting Malaysia said.
On Bursa Malaysia today, shares of Genting Malaysia were traded three sen or 1.07% lower at 10:45 a.m. at RM 2.77, valuing the group at around RM 15.65 billion.
Genting Malaysia has 5.65 billion shares issued.