Las Vegas Union asks Macau Govt. for land transaction records involving Genting and Treasure Island failed casino project
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The International Union of Operating Engineers, Local 501, has sent a public record request to the Land and Urban Construction Bureau. The union is investigating the land transaction involving Genting Group and Ao Mio Leong. According to corporate filings, Mios is one of four director group for local real estate firm Easyway Investment Company Limited, which according to union, is linked to triads. In 2007, Gentings Hong Kong and GentING International acquired a 75% interest in a Macau-based entity called Treasure Island Entertainment Complex Limited. Treasure island owned a parcel of land on the Macao peninsula situated along Praca Ferreira do Amaral. Gentinh intended to develop a hotel on this land and enter into an agreement with SJM to operate a casino there.
Genting Hong Kong sold its 50% stake in Treasure Island Entertainment Complex development to developer Ao Mio Leong for HKD750 million ($95.4 million). Local 501 wants to investigate the transaction. The union has previously called for a federal investigation into SunCity Group and its historical relationships with U.S. gaming companies. The group had previously issued a 200-page land file for the Wynn Macau property in 2015. It is unclear where the matter stands in light of Genting Hongkong's ongoing liquidation.
