Genting Hong Kong

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Genting Hong Kong
Public
Industry Tourism, Resorts, Cruise
Founded 1993
Headquarters Hong Kong
Brands <templatestyles src="Plainlist/styles.css"/>
Website http://www.gentinghk.com

Genting Hong Kong is a holding company that operates cruise and resort businesses. It is a member of the Malaysian Genting Group and 17.8% owned by Genting Berhad.[1]

It owns Crystal Cruises, Dream Cruises, Star Cruises, Resorts World Manila, the Lloyd Werft shipyards, and maintains a 28% share of Norwegian Cruise Line.

Cruise lines

Star Cruises, established by Genting in 1993, is the third largest cruise line in the world with a fleet of 18 ships.[2] Genting positions Star Cruises for the "contemporary cruise market".[3]

In 2000, Genting's Star Cruises purchased Miami-based Norwegian Cruise Line, but sold half of the company to Apollo Management in 2007.[4] A 2013 IPO of Norwegian Cruise Line reduced Star Cruises' ownership share to 28%.[5]

In 2015, Genting purchased Crystal Cruises,[6] which specializes in the "international luxury cruise market",[3] and a majority stake in Lloyd Werft, a German shipyard that was, As of May 2016, under contract to build 10 ships for Genting-owned cruise lines.[3] In November of that year, Genting announced the introduction of Dream Cruises, an Asian luxury cruise line that will debut in November 2016.[3][7]

In 2016, Genting purchased the remaining 30% of Lloyd Werft,[8] as well as Nordic Yards' Wismar, Warnemunde, and Stralsund shipyards, and combined them to form the Lloyd Werft Group.[9]

Resorts

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.

Genting Hong Kong is based in Hong Kong and is listed on the Hong Kong Stock Exchange (SEHK: 0678) and the GlobalQuote of the Singapore Exchange Securities Trading Limited.

References

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