Resorts World Cruises has been registered as a company name in Singapore.<\/p>\n\n\n\n\n\n\n\n
Singapore.- A new company named Resorts World Cruises Pte Ltd<\/strong>\u00a0has been registered in Singapore, leading to speculation that Genting may be planning to launch a new cruise operation. Resorts World is the brand used by Genting for its land-based casino resorts.<\/p>\n\n\n\n The Straits Times has reported that the registration with the Singapore Accounting and Business Regulatory Authority has sparked speculation that the Lim family<\/strong>, founders of Malaysia’s Genting Casino and Plantation Group, may be planning to launch a new casino cruise company.<\/p>\n\n\n\n Genting Group’s existing casino cruise company Genting Hong Kong Ltd filed for liquidation<\/a>\u00a0in January after a German court rejected a request to release US$88m in funds for its German shipyard unit MV Werften.\u00a0Soon afterwards,\u00a0Tan Sri Lim Kok Thay<\/a>\u00a0stepped down as CEO of the company and\u00a0Crystal Cruises<\/a>, part of Genting Hong Kong, suspended the operations of its Ocean and Expedition ships.<\/p>\n\n\n\n Genting Hong Kong will be delisted from the Hong Kong Stock Exchange<\/strong> if the cruise operator does not address issues that led to a suspension in trade of the company\u2019s shares. It must fully comply with the bourse\u2019s listing rules and resume trading by July 17, 2023.<\/p>\n\n\n\n Genting Hong Kong has been suspended from trading <\/strong>since January 18. It said it will make further announcements on progress as and when appropriate.<\/p>\n\n\n\n It said in a statement: \u201cIf the company fails to remedy the issues causing the trading suspension, fully comply with the listing rules to the stock exchange\u2019s satisfaction and resume trading in the shares of the company by July 17, 2023, the listing division of the stock exchange will recommend the listing committee of the stock exchange to proceed with the cancellation of the company\u2019s listing.<\/p>\n\n\n\n \u201cUnder Rules 6.01 and 6.10 of the listing rules, the stock exchange also has the right to impose a shorter specific remedial period, where appropriate.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" Resorts World Cruises has been registered as a company name in Singapore.<\/p>\n","protected":false},"author":176,"featured_media":9674,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Resorts World Cruises Pte Ltd has been registered in Singapore, sparking speculation that the Lim family, founders of Genting, may be launching a new casino cruise operation. This development follows the liquidation filing of Genting Hong Kong Ltd and its impending delisting from the Hong Kong Stock Exchange, highlighting a strategic pivot or restructuring within the broader Genting Group's leisure and gaming portfolio.","focusai_entities":"Resorts World Cruises Pte Ltd, Genting, Resorts World, Lim family, Genting Casino and Plantation Group, Genting Hong Kong Ltd, MV Werften, Tan Sri Lim Kok Thay, Crystal Cruises, Hong Kong Stock Exchange, Singapore Accounting and Business Regulatory Authority","focusai_location":"Singapore, Malaysia, Germany, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Genting's Strategic Intent?","query":"What is the strategic rationale behind the Lim family's potential launch of Resorts World Cruises Pte Ltd, particularly in light of Genting Hong Kong's liquidation and delisting, and how might this impact the broader Genting Group's capital allocation and market positioning?"},{"label":"Regulatory Implications?","query":"Given the prior corporate governance issues with Genting Hong Kong, what level of regulatory scrutiny might Resorts World Cruises Pte Ltd face, especially if its operations include gaming verticals or integrated resort components?"}],"footnotes":""},"categories":[157,16333],"tags":[],"class_list":["post-29132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29132","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=29132"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29132\/revisions"}],"predecessor-version":[{"id":29140,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29132\/revisions\/29140"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9674"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Genting HK to be delisted if it fails to remedy trading suspension issues<\/h2>\n\n\n\n