How a billionaire’s global cruise empire imploded in Hong Kong


Genting cruise ship - File pic

HONG KONG: Tan Sri Lim Kok Thay started a cruise-ferry and gambling boat business in 1990s Hong Kong and turned it into one of Asia’s biggest cruise operators.

It was a labour of love, as well as a way to diversify the casino business set up by his father, Tan Sri Lim Goh Tong, in Malaysia. Under the now 70-year-old Kok Thay, Genting Hong Kong Ltd expanded its fleet of ships, bought other cruise lines and even added a string of German shipyards to build its vessels.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Genting , Star Cruise , Lim Kok Thay , Bankruptcy ,

   

Next In Business News

Dialog posts higher net profit of RM150.97mil in 1Q
SC: Innovation and collaboration crucial to drive market resilience
Supreme Consolidated IPO oversubscribed by 349.42 times
Ringgit ends higher on weaker demand for greenback
Eden Inc bags RM20mil Health Ministry contract
Airbus Helicopters eyes growth in Malaysia, Asia-Pacific amid rising ems demand
TCS wins RM611.3mil contract for Pan Borneo Highway project
Dutch Lady cautiously optimistic outlook
Malayan Flour Mills 9M24 net profit jumps 96.1% to RM64.1mil
Deloitte: Malaysia tops southeast Asia's equity market performance in 2024

Others Also Read