Genting Nears Deal For $4B NY Convention Center

Law360, New York (January 5, 2012, 3:17 PM EST) -- A subsidiary of real estate developer Genting Malaysia Bhd has entered into a nonbinding agreement with a New York development company on a mammoth $4 billion convention center and hotel project that would be the largest event center in the U.S., Genting announced Thursday.

In an exchange filing with the Bursa Malaysia stock exchange, the company said wholly owned subsidiary Genting New York LLC signed a letter of intent with the New York State Urban Development Corp. to consider developing the project, which would be located...
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