Lim Kok Thay’s Resorts World Cruises is to launch services from Singapore on June 15.<\/p>\n\n\n\n\n\n\n\n
Singapore.- Less than five months after Genting Hong Kong’s Dream Cruises<\/strong> entered provisional liquidation, Genting Group chairman, Lim Kok Thay<\/strong>, has launched a new cruise line from Singapore, which will make its debut on June 15<\/strong>.<\/p>\n\n\n\n The new entity \u2013 Resorts World Cruises<\/a> \u2013 is rehiring about 1,600 people for the cruise business and has rehired about 70 of 100 former sales and marketing teams. The company is starting out with the cruise ship Genting Dream<\/a>, which was formerly part of Genting Hong Kong\u2019s Dream Cruises stable. The company is in talks with banks and other parties to acquire Dream Cruises’ two remaining vessels.<\/p>\n\n\n\n The 18-deck 150,695 gross tonne Genting Dream can accommodate 3,352 passengers.<\/p>\n\n\n\n Resorts World Cruises executive chairman Tan Sri Lim Kok Thay said in a statement: “Resorts World Cruises will have its headquarters in Singapore and is committed to making Singapore the leading cruise hub in Asia,<\/p>\n\n\n\n “We also appreciate the support and trust of the Chinese leasing banks in allowing Resorts World Cruises to charter the Genting Dream.”<\/p>\n\n\n\n Lim is also chairman and chief executive of casino and hotel operator Genting Bhd, which also has business interests in oil palm plantations, life sciences and biotechnology operations.<\/p>\n\n\n\n Genting Group\u2019s existing casino cruise company Genting Hong Kong Ltd filed for liquidation<\/a> in January after a German court rejected a request to release US$88m in funds for its German shipyard unit MV Werften. Soon afterwards, Tan Sri Lim Kok Thay<\/a> stepped down as CEO of the company and Crystal Cruises<\/a>, part of Genting Hong Kong, suspended the operations of its Ocean and Expedition ships.<\/p>\n","protected":false},"excerpt":{"rendered":" Lim Kok Thay’s Resorts World Cruises is to launch services from Singapore on June 15.<\/p>\n","protected":false},"author":226,"featured_media":2076,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Lim Kok Thay has launched Resorts World Cruises from Singapore, less than five months after Genting Hong Kong's Dream Cruises entered provisional liquidation. The new entity will commence services on June 15 with the Genting Dream vessel, rehiring approximately 1,600 personnel and actively pursuing the acquisition of Dream Cruises' remaining assets. This strategic move by the Genting Group chairman signals a significant restructuring and re-entry into the cruise market.","focusai_entities":"Lim Kok Thay, Resorts World Cruises, Genting Hong Kong, Dream Cruises, Genting Group, Genting Bhd, Crystal Cruises, MV Werften","focusai_location":"Singapore, Asia, Germany","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), compliance_legal (0.8), operator_casino (0.85), marketing_crm (0.7), investor_analyst (0.98), supplier_vendor (0.8), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Genting Group's Capital Allocation?","query":"How will the capital expenditure for Resorts World Cruises, including vessel acquisitions, impact Genting Group's broader investment strategy and financial leverage across its gaming and leisure verticals?"},{"label":"Regulatory Compliance Framework?","query":"What specific B2C licensing and regulatory compliance frameworks will Resorts World Cruises need to navigate in Singapore and other operational jurisdictions, particularly concerning passenger safety and consumer protection?"}],"footnotes":""},"categories":[157,16334],"tags":[24145,169],"class_list":["post-29954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-asia-news","tag-genting-group","tag-singapore"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29954","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=29954"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29954\/revisions"}],"predecessor-version":[{"id":29963,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29954\/revisions\/29963"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2076"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}