PETALING JAYA: The majority of Genting Malaysia Bhd’s (GenM) loss-making Empire Resorts Inc stockholders have approved the proposed merger with the joint-venture company (JVCo) of GenM and Kien Huat Realty III Ltd (KH).

“As part of the proposed merger and in accordance with the merger agreement, qualified shareholders of Empire Resorts will be entitled to receive in cash from JVCo US$9.74 (RM40.45) for each share of common stock held in Empire, ” GenM said in a statement to Bursa Malaysia.