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Genting Malaysia looks to dismiss “baseless” Bahamas legal case

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Hard Rock Digital has gained an online casino content uplift for New Jersey after securing a content partnership with Greentube.  

Following the partnership, Greentube will gain increased exposure for its content across the US as Hard Rock Digital adds its roster of slot releases to the Hard Rock Bet casino platform facing the Garden State. 

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Hard Rock Bet’s player base in New Jersey will benefit from the deal by gaining access to Greentube slot releases such as Diamond Cash: Almighty Kraken, Piggy Prizes: Wand of Riches and Wild Lines: American Eagle.

Grant Williams, SVP of Casino at Hard Rock Digital, added: “We’re thrilled to welcome Greentube to Hard Rock Bet, and continue to add to the over 2,200 gaming experiences found on our top-rated platform. 

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Greentube recently secured US growth by forming an alliance with FanDuel, extending its reach across three US states of Michigan, New Jersey and Connecticut.

Genting Malaysia is seeking to dismiss a case filed against it by Bahamas Casinos Resort World Bimini and vowed to vigorously defend against the claim.

It comes after the group had stated the complaint was “baseless and totally without merit”. 

Now, in a filing with the Malaysian Bourse, Genting has cited that the case should be dismissed as it is a shareholder dispute. 

The original claims were levelled against Genting over allegations of shifting group liabilities into its Bahamas subsidiaries. 

It prompted Genting Group to inform investors that ‘it will make further announcements as and when there are material developments on the above matter’.

Accusations coming from the Capo family in Florida take aim at what it has described as a ‘massive and co-ordinated fraud’.

The lawsuit stated: “Through its stranglehold over BB Entertainment and its finances, Genting Americas has used BB Entertainment to conceal a medley of fraudulent activities. To date, BB Entertainment has not distributed any profits to RAV from this venture because Genting Americas, who controls BB Entertainment’s finances, has used BB Entertainment as its financial wasteland. What is clear is that Genting Americas’ fraudulent accounting practices have drowned BB Entertainment in hundreds of millions of dollars in illegitimate debt.

“Only a massive and coordinated fraud could dump nearly a billion dollars of debt on a small island resort where RAV had already developed most of the significant infrastructure. Genting Americas buried the nearly-billion-dollar liabilities in consolidated statements using vague categories of expenses to conceal the fraud from RAV.”

It continued: “Genting Americas, at every turn, has deliberately kneecapped RAV’s efforts to obtain clarity into the financials, including denying RAV full access to BB Entertainment’s financial records and denying its requests for an independent audit.”

The lawsuit continued by accusing Genting of depriving RAV of its entire value of its 20-acre contribution, as it seeks $600m from its partner group.

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