Casino
July 21, 2022
Cruise Casino Operator Genting Hong Kong Is in Liquidation Proceedings
Hong Kong-listed gambling cruise ship operator Genting Hong Kong Ltd, which is part of Genting Bhd, a major Malaysian corporation, is on its way to completing the liquidation procedure after the company filed for insolvency at a Bermuda court on January 18 this year. Many Genting Hong Kong Subsidiaries Are Also in Liquidation Proceedings Genting […]
Business
February 16, 2022
Genting HK Continues to Seek Ways to Recover from Financial Disaster
Genting Hong Kong’s liquidators are investigating the possibility of potential buyers for many of the company’s assets. Although there was some discussion about re-financing assets in Asia, it seems that assets in Germany, including the huge Global Dream cruise ship, and those of Crystal Cruises, based in the US, may be sold to multiple buyers. […]
Business
February 7, 2022
Attempt to Avoid US Port Doesn’t Protect Genting Hong Kong’s Cruise Ships
A decision to not dock its ships in the US and, instead, reroute them to the Bahamas hasn’t helped Genting Hong Kong. According to reports, authorities there have taken the Crystal Symphony and its sister ship, Crystal Serenity, into custody. As a result, hundreds of passengers have had to figure out how to return home. […]
Business
January 24, 2022
Genting HK’s Crystal Cruises Shuts Down, Leaves Passengers Stranded
Genting Hong Kong’s luxury cruise company, Crystal Cruises has been suspended until at least April 29 as the group fights for its survival. With mounting debt and no financial relief coming, Genting’s future as a cruise ship operator is in doubt. One ship is already facing seizure over unpaid debt, leaving passengers stranded in the […]
Business
January 18, 2022
Genting Hong Kong Waves the White Flag, Files for Bankruptcy Protection
Genting Hong Kong has been denied its only hope. The company, a division of Genting Group, was ruled out by a German court as the cruise operator sought funding from the State of Mecklenburg Vorpommern in the amount of $88 million. Now, the company is being forced to file for bankruptcy protection. Genting Hong Kong […]