Lim’s family trust is Kien Huat Realty III Ltd. Lim ’s family trust and Genting Malaysia take Empire private. Lim and Genting have said they aim to rescue Empire from a potential bankruptcy.Ī majority of shareholders in Empire Resorts, parent company of Resorts World Catskills casino in Sullivan County, New York state, voted Wednesday to let casino magnate K.T.
A holding company controlled by the two companies will now merge with Empire, with the deal expected to close before year’s end. A majority of Empire Resorts' shareholders approved the proposal to buy the nearly 14% shares those firms didn’t already own.