"Arkana Limited, a Malaysian company that is financing the project, an investment group that financed the startups of Foxwoods Resort and
Casino in Connecticut in 1992 and the Seneca Niagara Casino in New York
in 2002.
Arkana, which specializes in developing and operating resort casinos,
is owned by KT Lim, a Malaysian billionaire and chairman of Genting
Berhad, one of the world’s largest gambling conglomerates.
One of Lim’s companies is seeking to build a $600 million
entertainment and gambling complex in upstate New York. Last year,
Genting opened a $450 million gambling facility at a racetrack in
Queens.
Genting had planned to build a $3.8 billion development in Miami,
featuring the world’s largest casino, before legislative support for a
casino bill eroded.
Genting is now pursuing a scaled-down project of a luxury hotel,
condominiums, and restaurants at the site of the Miami Herald newspaper,
which is relocating, according to published reports....
--more--"
Also see: Taunted By Casino
