S&P revises Montreign view to developing

S&P said it revised the outlook for Montreign Operating Co. LLC to developing from negative.

Montreign’s parent Empire Resorts Inc. announced it entered a pact with affiliates of Kien Huat Realty III Ltd. and Genting Malaysia Bhd., which will acquire all outstanding equity in Empire that they do not already own.

The agency said it believes that if the merger is successful, Genting will protect its investment in Montreign through a restructuring or debt exchange.

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