The Malaysian casino company Genting Malaysia seeks $1 billion in damages after Fox terminated a contract for a branded theme park. They said in its lawsuit that Fox and Disney are liable “for what will exceed a billion dollars in damages attributable to the bad-faith behavior of both Fox and Disney.” It further noted that it has already spent more than $750 million on the theme park.
The casino operator said in its lawsuit that Fox had attempted to renegotiate the terms of the contract for years and had sought a share of the gate revenue produced by the theme park.
Under a 2013 contract, Fox agreed to license intellectual property for what would have been the world’s first Fox-branded theme park. The attraction was planned to be added to the existing entertainment offering of Resorts World Genting, a sprawling integrated resort perched at the peak of Mount Ulu Kali at 6,000 foot above sea level, an hour’s drive from Malaysia’s capital, Kuala Lumpur.
However, Disney said in a statement that the claims were “without merit” and “the allegation that Disney, rather than Fox, finally decided to declare a default is simply made up.”
The venue was planned to open in the first quarter of 2019. The casino company said previously that the attraction would help it increase its annual visits to 30 million by 2020.
