Genting Malaysia to acquire minority stake in Empire Resorts for about $129m.

Casino and resorts operator Genting Malaysia agreed to acquire 13.2m shares in Empire Resorts from its largest shareholder, Kien Huat Realty III, for about $129m. Genting said the Empire shares were bought at $9.74 a share, at the same as what it had offered to pay for a 46% stake held by Kien Huat in August. Genting had proposed to acquire and privatize Empire at the time.