Genting Hong Kong

Genting Hong Kong was originally a subsidiary of Genting Group with a 17.8% stake owned by Genting Berhad.[3]

In 1993, Genting established Star Cruises.[4]

In 2000, Genting's Star Cruises purchased Norwegian Cruise Line, but later sold half of the company to Apollo Management in 2007.[5] A 2013 IPO of Norwegian Cruise Line further reduced Star Cruises' ownership share to 28%.[6]

In 2015, Genting purchased luxury cruise line Crystal Cruises,[7] Singaporean nightclub Zouk,[8] and a majority stake in German shipyard Lloyd Werft.[9] In November of that year, Genting also introduced Dream Cruises as a new luxury cruise brand in Asia.[9][10]

In May 2016, Genting purchased the remaining 30% of Lloyd Werft,[11] as well as Nordic Yards' Wismar, Warnemunde, and Stralsund shipyards, and combined them to form the Lloyd Werft Group.[12] In June 2016, the three ex-Nordic Yards facilities were spun out again to form MV Werften.[13]

In October 2016, Genting Hong Kong was entirely sold to the Lim Kok Thay's family-owned unit trust Golden Hope Limited as part of a family business restructuring exercise, separating it from Genting Group but retaining it under ownership of Lim Kok Thay's family.[14]

In August 2020, Genting Hong Kong submitted a filing to the Hong Kong Stock Exchange suspending all payments to creditors.[15] It cited the business impact of the COVID-19 pandemic, and the need to preserve liquidity and funds to maintain critical services for the company's operations.[16] It also requested creditors not to enforce payment and sought a plan for debt restructuring.[17][18] Following the announcement, Genting Hong Kong's share price plunged by more than 40%.[19] In response, Lim has pledged almost all of his stake in Genting Hong Kong as collateral.[20] As of 31 July 2020, it owned US$3.37 billion of debt, including US$3.7 million in bank fees that were in default.[17] In addition, Genting Hong Kong announced a 2020 first-half loss of US$742.6 million, more than ten times its 2019 first-half loss of US$56.5 million.[21]

On 28 August 2020, Lim Keong Hui, Lim Kok Thay's son, stepped down as deputy CEO of Genting Hong Kong to "devote more time to other business commitments".[22] On 1 September 2020, Genting Hong Kong sold the Singaporean nightclub group Zouk for US$10.3 million to Tulipa, a firm owned by Lim Keong Hui.[23]

Dream Cruises is a cruise line owned by Genting Hong Kong. Genting announced the introduction of Dream Cruises in November 2015 in Guangzhou as an Asian luxury cruise line. It debuted in November 2016.[24]

Current Fleet

Ship	Year built	Class	Entered service with Dream Cruises	Last Refurbishment	Gross Tonnage	Notes	Image
Genting Dream	2016		2016	-	150,695	-
World Dream	2017		2017	-	150,695	-
Explorer Dream	1999	Leo	2019 [25]	-	75,338	Formerly sailed as SuperStar Virgo for Star Cruises.

Future Fleet

Ship	Will Enter Service	Class	Gross Tonnage	Notes	Image
Global Dream	2021	Global	208,000	Construction started on 8 March 2018[26] Keel laid on 11 September 2018[27] Will homeport in Shanghai.[28]
TBA	2022	Global	208,000	Construction started on 10 September 2019[29] keel laid on 9 December 2019[30]

Genting Hong Kong partnered with Philippines-based Alliance Global Group to establish Resorts World Manila. It is located across Terminal 3 of Ninoy Aquino International Airport. It houses three hotels: Maxims Tower, Marriott Hotel Manila, and Remington Hotel. The Newport Mall is part of this resort and includes the Newport Cinemas and the 1,500-seat Newport Performing Arts Theater.