Genting Malaysia BhD stands to lose US$274 million should the US Department of Interior (DOI) thumbs down the construction of its Massachusetts casino, according to a Malaysian-based financial analyst.

The Star Online reported that Genting Malaysia risks writing-off its multi-million dollar investment in its First Light Resort & Casino project in Massachusetts, which the Mashpee Wampanoag tribe will be constructing.

First Light Casino broke ground in Taunton in April last year, months after a group of local residents filed suit seeking to block the project.

It would be recalled that the opponents of the US$1 billion casino project accused the federal government of misconstruing the federal Indian Law in order to grant the 300 acres of casino land to the Mashpee Wampanoag tribe.