04/02/21 Genting Hong Kong reports US$1.72bn loss in 2020 Casino cruise ship operator Genting Hong Kong has reported a loss of US$1.72bn for the year ending December 31 2020 due to the impact of the Covid-19 pandemic.
03/26/21 Genting chairman buys stake in yacht business Genting Group’s chairman has bought out Genting Hong Kong’s shares in Grand Banks Yachts to provide required liquidity to the company, which has been severely affected by the Covid-19 pandemic.
03/16/21 Genting Hong Kong expects US$1.5bn net loss for 2020 Casino cruise ship operator Genting Hong Kong expects to report a net loss of at least US$1.5bn due to the impact of Covid-19.
01/29/21 New Macau resort to be completed by 2022 Genting Hong Kong has sold the Nam Vam Lake development to a local businesswoman from the real state sector.
11/11/20 Genting HK to sell 50% stake in hotel subsidiary The company has signed an agreement to sell a stake in its Macau hotel to increase liquidity.
10/09/20 Genting Hong Kong gets subsidy from Germany The cruise line has requested US$670 million but for now received only US$226million in government aid during the pandemic.
08/24/20 Genting HK to restructure debts with creditors The Malaysian casino cruise company has announced it will hold a meeting with creditors to restructure debts due to the pandemic crisis.
08/21/20 Genting HK suspends payments to creditors The company will hold a virtual meeting to give further information on financial restructuring plans. It asked creditors to refrain from legal action.
