{"id":6762,"date":"2017-04-06T10:59:03","date_gmt":"2017-04-06T10:59:03","guid":{"rendered":"https:\/\/www.uspokersites.com\/poker-news\/?p=6762"},"modified":"2017-07-04T15:28:45","modified_gmt":"2017-07-04T15:28:45","slug":"montreign-resorts-in-thompson-new-york-changes-its-name-to-resorts-world-casino","status":"publish","type":"post","link":"https:\/\/www.uspokersites.com\/poker-news\/montreign-resorts-in-thompson-new-york-changes-its-name-to-resorts-world-casino\/6762","title":{"rendered":"Montreign Resort in Thompson, New York Changes Its Name to Resorts World Casino"},"content":{"rendered":"
\"Resorts<\/a>

The Empire Resorts-Genting Group licensing deal runs through 2027, with an option to extend all the way to 2066.<\/p><\/div>\n

The Montreign Resort Casino in Thompson<\/strong><\/a>, New York has changed its name to Resorts World. The developer, Montreign Operating Company LLC, noted the name change in a licensing deal with the Securities and Exchange Commission.<\/p>\n

The $1.2 billion resort will be granted the right to use certain Resorts World and Genting trademarks, according to the deal. Genting Group, a Malaysian multinational conglomerate, is one of the major shareholders in the Montreign Operating Company.<\/p>\n

Resorts World Profile<\/strong><\/h2>\n

Most, but not all, Genting casinos use the “Resorts World” brand. Examples of the brand include Resorts World Sentosa in Singapore and Resorts World New York City in Queens.<\/p>\n

Charles Degliomini, the Executive VP of Empire Resorts, said that the licensing deal is a chance to identify with a world famous brand. Degliomini said, “We’re going to have the opportunity to leverage what is pretty much an international gaming and hospitality brand. We’re not literally creating a brand out of thin air.”<\/p>\n

Resorts World Las Vegas<\/strong><\/h2>\n

Many Americans might not be that familiar with the “Resorts World” brand at the moment, but it will not be so. When the $4.1 billion casino-resort on the Las Vegas Strip is opened in 2019, it will be called Resorts World Las Vegas<\/strong><\/a>. In fact, that integrated resort-casino is going to be the most expensive and luxurious casino in the history of the Las Vegas Strip.<\/p>\n

Kok Thay Lim, the CEO Of Genting Group, has boasted that Resorts World Las Vegas is going to be not only a vast casino with 3100 hotel rooms, but also a “landmark” and tourist destination families will make road trips to see. The complex is designed on the theme of a real life Chinese village, though that description somewhat belies the vast, opulent vision Genting hopes to create.<\/p>\n

50-Foot Chinese Lantern and Celestial Sphere<\/strong><\/h2>\n

The construction includes a 50-foot tall replica of a Chinese lantern that will rise and drop 56 stories as an attraction. Inside, a “celestial sphere” will project huge customer selfies. Visitors should have an experience they won’t soon forget, and the buzz surrounding Resorts World Las Vegas<\/strong><\/a> will confer a prestige on other casinos with a similar name.<\/p>\n

Details of Empire Resorts’ Licensing Deal<\/strong><\/h2>\n

The licensing deal between Empire Resorts and Genting Group is scheduled to run through 2027. Even then, provisions in the contract allow for continued licensing on a yearly basis for the next 39 years, so Resorts World Montreign (or Resorts World Thompson) likely would carry the name through 2066.<\/p>\n

The deal provides Genting Group\/Resorts World with a “low single-digit” percentage in the revenues of the Montreign resort. Also, the Montreign casino will be a part of the Genting Rewards Alliance loyalty program, which provides comps for its network of casinos around the globe. Marketing and cross-promotion will be included for all casinos in the network, while gamblers will receive collective perks when they play at any of the resorts worldwide.<\/p>\n

Genting Group<\/strong><\/h2>\n

Genting Group is a Malaysian multinational conglomerate which includes casinos, hotels, landmarks, banana plantations, and oil platforms. Most of the company’s revenues come from non-gaming ventures, so Genting has vast wealth to pour into its gaming, leisure, and entertainment projects.<\/p>\n

Resorts World is a brand located in a variety of casinos around the globe, including Malaysia, Singapore, The Philippines, New York City<\/strong><\/a>, London, and The Bahamas. The London-based casino is Crockford’s, the casino at the heart of the original Phil Ivey edge-sorting lawsuit.<\/p>\n

Tan Sri Lim Kok Thay is the owner of Kien Huat Realty III Limited, the top shareholder in Empire Resorts. Empire Resorts itself is a joint venture between the Malaysian magnate and New York state-based developers.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Montreign Resort Casino in Thompson, New York has changed its name to Resorts World. The developer, Montreign Operating Company LLC, noted the name change in a licensing deal with the Securities and Exchange Commission. The $1.2 billion resort will … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6762","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t