Casino dice amazon1/4/2024 ![]() It also owns Star Cruises and Dream Cruises. Genting Hong Kong acquired Crystal Cruises in 2015 for $550 million from Nippon Yusen Kabushiki Kaisha, to expand further into the cruise market. Lim Kok Thay resigned as chairman and CEO of Genting Hong Kong on Monday. Genting Hong Kong was founded in 1993 by chairman Lim Kok Thay as an effort to diversify Genting’s portfolio away from gaming and resorts by breaking into the cruise industry. Genting Hong Kong is part of the Genting Group, best known for its resorts and casinos in Southeast Asia and developer of the recent $4.3 billion Resort World Las Vegas. ![]() That same day, Singapore-based Peninsula Petroleum Far East, a Genting Hong Kong creditor that sells bunker fuel to cruises, filed a lawsuit asking the Florida district court to seize the Crystal Symphony to help reclaim money it was owed from Genting-owned cruise ships. Judge Gayles ruled in Peninsula’s favor. Negotiations with the company’s creditors-which, according to Bloombergdata, include major banks like BNP Paribas S.A. and Credit Agricole S.A.-had failed and Genting Hong Kong was likely to run out of cash by the end of the month. ![]() 19, Genting Hong Kong revealed that it had filed a winding-up petition with the Supreme Court of Bermuda. ![]() The insolvency triggered a cross-default on $2.78 billion in debt. 10, Genting Hong Kong’s Germany-based shipbuilding unit, MV Werften, announced it was insolvent after negotiations with the German government for a rescue package failed. ![]()
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