Genting Says Wynn Resorts Has Filed Complaint Against Its Resorts World Las Vegas
December 26 2018 - 7:39PM
Dow Jones News
By Yantoultra Ngui
KUALA LUMPUR, Malaysia--Malaysian conglomerate Genting Bhd.
(3182.KU) has been notified that Wynn Resorts Holdings LLC. has
filed a complaint against its U.S-based unit alleging trade dress
infringement, trademark dilution and copyright infringement over
the design of Resorts World Last Vegas.
Genting, controlled by Malaysian billionaire Lim Kok Thay, said
it has received the notification from its indirectly wholly-owned
subsidiary called Resorts World Las Vegas LLC., which it said will
respond to the complaint on or before Jan. 14, according to a local
stock exchange statement filed by Genting on Wednesday night.
Genting said 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."
The latest development came just one month after Genting's
Malaysian casino unit, Genting Malaysia Bhd. (4715.KU), sued 21st
Century Fox Inc. (FOX) and Walt Disney Co. (DIS) for abandoning a
licensing contract tied to the construction of a Fox-branded
outdoor theme park in Genting Highland, Malaysia.
Shares of Genting ended 3.4% lower at MYR6.02 on Wednesday prior
to the announcement.
Write to Yantoultra Ngui at Yantoultra.Ngui@wsj.com
(END) Dow Jones Newswires
December 26, 2018 19:24 ET (00:24 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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