The suitor of Gunting, a land sale worth about $1.23 billion in Miami, Florida, U.S., issued a statement Thursday on behalf of vendor Genting Malaysia

Smart Miami City LLC, a subsidiary of property developer Terra Group, said in a filing with Bursa Malaysia that Kenting Malaysia “requested an extension of the monopoly period and sought modification to the commercial terms of the sale agreement.” 파칭코

“The buyer has decided to close the current bid because the buyer’s request has not been approved at the moment. Nevertheless, the buyer is still interested in Miami land,” the bank said.

“The value of our investment in Malaysia has increased by about 400% in just over a decade and we firmly believe in the continued strength and growth of the Miami market,” the file added

“Genting Malaysia will look at other opportunities to end the sale of Miami land as it is while the company continues to strengthen its remaining holdings in Miami,” the statement added

Last week, Genting Malaysia’s shareholders approved the sale of Resorts World Miami LLC, a group corporation that owns four lands, for just under $1.23 billion in total.

The total area of the four plots is 673,691 square feet (62,588 square meters). Genting Malaysia acquired three parcels in May 2011 and paid $246 million. The fourth product was purchased in May 2017 for $13 million.

Genting Malaysia operates Resorts World Genting, Malaysia’s only casino property. The group also operates casinos in the United States, the Bahamas, the United Kingdom, and Egypt.

In early May, the global casino operator said $1 billion of proceeds from the Miami land deal would be used to fund “future investments.”

Genting Malaysia has been confirmed to be potentially applying for a Downstate Casino license in New York for some time. In January, the New York State Game Board launched an Application Request (RFA) process for three game licenses in downtown New York.

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