Takeaways by Bloomberg AI
- Genting Group’s plan to sell hotel and non-casino assets at Resorts World Catskills has been put on hold until early January, delaying a $561 million municipal bond sale.
- The transaction is being postponed because Genting Bhd has proposed buying out investors in its Genting Malaysia subsidiary and can’t enter into other material transactions.
- Municipal bond investors are growing more cautious after deals like the Brightline high-speed rail project have run into trouble, and want more protection in deal structures.
Bloomberg Markets
By Christopher Palmeri and Erin Hudson
October 22, 2025