{"id":23051,"date":"2021-09-28T12:56:07","date_gmt":"2021-09-28T15:56:07","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=23051"},"modified":"2026-04-23T15:16:17","modified_gmt":"2026-04-23T18:16:17","slug":"genting-hong-kong-continues-to-seek-new-sources-of-funding","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-hong-kong-continues-to-seek-new-sources-of-funding","title":{"rendered":"Genting Hong Kong continues to seek new sources of funding"},"content":{"rendered":"\n<p>The casino cruise ship operator has been deeply affected by restrictions due to the Covid-19 pandemic and is looking for new business opportunities to diversify.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Hong Kong.-\u00a0<strong>Genting Hong Kong Limited<\/strong>\u00a0is looking to diversify as it remains seriously affected by the suspension of Crystal Cruises and Star Cruises operations due to the Covid-19 pandemic.<\/p>\n\n\n\n<p>The<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-hong-kong-reports-us182-3m-in-revenue-for-h1\"> company<\/a>\u00a0has reported that <strong>revenue decreased to US$182.3m\u00a0<\/strong>for H1, while the company&#8217;s <strong>consolidated operating loss\u00a0<\/strong>was US$258.6m. As a result, the casino cruise ship operator is actively looking for new funding sources due to the\u00a0<strong>uncertainty surrounding the appearance of new outbreaks of Covid-19<\/strong> in the region.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-hong-kong-will-resume-operations-on-july-30\">The cruise ship operator<\/a>\u00a0resumed sailings in Hong Kong on July 30 after having all of its staff vaccinated against Covid-19 as required by the Hong Kong government. Passengers must be fully vaccinated before sailing.\u00a0<\/p>\n\n\n\n<p>In May, the company reported that it had reached a<strong>&nbsp;recapitalisation proposal<\/strong>&nbsp;with stakeholders to access a&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-hong-kong-creditors-to-accept-recapitalisation-package\" rel=\"noreferrer noopener\">new US$261.5m loan<\/a>, which includes a small stake in the company, to finish construction of its Crystal Endeavor and Global Dream vessels.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The casino cruise ship operator has been deeply affected by restrictions due to the Covid-19 pandemic and is looking for new business opportunities to diversify.<\/p>\n","protected":false},"author":176,"featured_media":18213,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Genting Hong Kong Limited reports substantial H1 revenue contraction and operating losses, primarily attributable to the prolonged suspension of its Crystal Cruises and Star Cruises operations amidst the COVID-19 pandemic. The company is actively pursuing strategic diversification and has secured a US$261.5m recapitalization loan to complete key vessel construction, while resuming Hong Kong sailings under stringent government-mandated vaccination protocols.","focusai_entities":"Genting Hong Kong Limited, Crystal Cruises, Star Cruises","focusai_location":"Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Diversification Strategy","query":"What specific gaming verticals or leisure segments is Genting Hong Kong targeting for diversification, and what is the projected capital allocation and operational timeline for these new ventures?"},{"label":"Capital Structure Impact","query":"Beyond the immediate completion of vessels, how will the US$261.5m recapitalization loan, particularly the equity component, influence Genting Hong Kong's long-term capital structure, debt servicing capacity, and future M&A potential?"}],"footnotes":""},"categories":[157,16338],"tags":[23716],"class_list":["post-23051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-genting-hong-kong"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=23051"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23051\/revisions"}],"predecessor-version":[{"id":23064,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23051\/revisions\/23064"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18213"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=23051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=23051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=23051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}