Friday 29 Mar 2024
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KUALA LUMPUR (Dec 26): Genting Bhd said today its unit Resorts World Las Vegas LLC will respond to a complaint on the architectural design of its upcoming hotel and casino resort property by Jan 14.

In a filing with Bursa Malaysia today, Genting said it was notified by its indirect wholly-owned subsidiary Resorts World Las Vegas that Wynn Resorts Holdings LLC has filed a complaint dated Dec 21 against the company alleging trade dress infringement, trademark dilution and copyright infringement over the design of the said project.

“Resorts World Las Vegas is in the process of reviewing the complaint with its legal counsels and will strenuously defend the claim and take all necessary legal action, as appropriate. Resorts World Las Vegas intends to file a timely response to the complaint on or before Jan 14, 2019, the due date for such response,” it added.

Genting shares closed at its intra-day low of RM6.02 today, down 21 sen or 3.37%, bringing it a market capitalisation of RM23.3 billion. Year-to-date, its share price has fallen 35% from RM9.20.

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