Genting’s Cruise Ship Ambitions Reborn through Resorts World Cruises
Genting Hong Kong had to make a quick exit from the cruise ship business earlier this year over financial troubles. Now, Genting Group, its parent company and the operator of casinos around the world, apparently isn’t ready to give up its dreams.
Genting Hong Kong (Genting HK) saw its cruise ship operations sink earlier this year, the result of overspending and massive losses from COVID-19. Not able to pay its bills, several ships left passengers stranded, and the company’s shipyards in Germany became part of bankruptcy proceedings.
The family behind Genting HK and the Genting brand, which operates casinos and hospitality companies through different subsidiaries, still believes in its seafaring capabilities. The Straits Times produced documentation that showed that the Lim family has created Resorts World Cruises Pte Ltd in Singapore.