KUALA LUMPUR, Sept 12 — Genting Malaysia Bhd’s indirect 70 per cent-owned unit, BB Entertainment Ltd (BBEL), is acquiring a piece of land from RAV Bahamas Ltd for US$24.6 million (RM78.6 million).

The land, measuring 6.6 hectares, is in the Bimini Islands, Bahamas.

BBEL is building a 307-key hotel on the land and it is adjacent to the Resorts World Bimini, Genting said in a filing to Bursa Malaysia here today.

“By acquiring the land, Genting Group will have better control in terms of planning for future development and expansion,” it said.

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RAV’s principal activity is real estate development on the island of Bimini in the Bahamas. It currently holds a 30 per cent interest in BBEL.

BBEL is the owner and operator of the Bimini Casino in Resorts World Bimini. — Bernama