Genting spends $5.5 billion to vie for New York casino license, potentially creating the largest casino in the U.S. in Queens.

Genting Malaysia Group is going all out in the New York gambling market. Recently, the group submitted a $5.5 billion proposal to the New York State Gaming Commission, proposing to upgrade its Resorts World New York City (RWNYC) in Queens into one of the largest integrated casino resorts in the Unit