Nevada Gaming Board approves Genting Berhad's application for new corporate structure

May 22, 2025 | Nevada Gaming Control Board, Executive Agencies, Organizations, Executive, Nevada


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Nevada Gaming Board approves Genting Berhad's application for new corporate structure
The Nevada Gaming Commission convened on May 22, 2025, to discuss several key applications, including shelf approvals and corporate restructuring for major gaming entities. The meeting featured presentations from representatives of Accel Entertainment and Genting Berhad, both of which sought approvals for their respective applications.

Erica Okerberg, legal counsel for Accel Entertainment, presented an application for shelf approval, confirming that the company met the necessary regulatory requirements. The commissioners expressed their support, with no questions raised during the discussion. The motion for approval was unanimously passed.

The commission then turned its attention to Genting Berhad, which sought an amendment to its order of registration and the establishment of Genting USA Limited as part of its corporate structure. Okerberg, alongside company representatives, provided a detailed overview of the proposed changes. The commissioners acknowledged the straightforward nature of the application and expressed their confidence in the company's leadership, particularly praising the transition of Carlos Castro to the role of president and CFO of Resorts World Las Vegas.

Commissioner Silver raised inquiries regarding a recent mediation involving Genting Americas and a lawsuit, as well as concerns about an audit incident. Okerberg committed to following up on these matters. The commissioners ultimately supported the application, emphasizing the positive impact of Genting's restructuring on the gaming landscape in Nevada.

The meeting concluded with the approval of a continuous or delayed public offering for Genting Berhad, further solidifying the company's position in the market. The commission's decisions reflect a commitment to maintaining regulatory standards while fostering growth within the gaming industry.

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