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Resorts World Casino New York City is a wholly-owned subsidiary of Genting Malaysia Berhad ("Genting"), a member of the Genting Group, which has a 20-year track record of investing in the United States. Its business in Florida started 11 years ago when it acquired Miami-based Norwegian Cruise Line ("NCL"). The Genting Group currently owns 50% of NCL. In 2006, Genting Group partnered with Universal Studios to build the Universal Studios Singapore theme park in Sentosa, Singapore. Universal Studios Singapore is part of the US$4.5 billion Resorts World Sentosa in Singapore.