Genting Group
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| Public company | |
| Industry | Tourism, resorts, gambling, plantations |
| Founded | 1965 |
| Headquarters | Kuala Lumpur, Malaysia |
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Key people
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Late Tan Sri Lim Goh Tong (Founder), Tan Sri Lim Kok Thay (CEO), Tun Mohammed Hanif bin Omar (Deputy chairman) |
| Revenue | 17 billion MYR (December 2013) |
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Number of employees
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58 000 globally |
| Parent | Kien Huat Realty Sdn Bhd |
| Website | www |
Genting Group is a Malaysian conglomerate. It comprises five listed entities (namely holding company Genting Berhad (MYX:3182) and its member companies Genting Malaysia Berhad (MYX:4715), Genting Plantations Berhad (MYX:2291), Genting Singapore Plc (SGX:G13) and Genting Hong Kong Limited (HKEX:678).
The Genting Group was founded in 1965 by the late Malaysian entrepreneur Tan Sri Lim Goh Tong. The Genting Group is headed by Tan Sri Lim Kok Thay, the chairman and Chief Executive, who joined the group in 1976. The group has over 41 years of experience in developing, operating and marketing casinos and integrated resorts in different parts of the world, including the Americas, Australia, Malaysia, the Philippines, Singapore and United Kingdom. The group's pioneer integrated resort is Resorts World Genting, formerly known as Genting Highlands Resort. The main attractions of the resort are its casino, theme park, concert shows, food & beverage and retail shopping.
From its initial leisure and hospitality activities, the Genting Group has since expanded and diversified into other activities including plantations, properties, power generation, oil and gas, e-commerce, information technology and biotechnology. The Genting Group, via Tan Sri Lim Kok Thay is the founder of Star Cruises the third largest cruise liner company in the world and largest cruise liner in Asia. Star Cruises, which was renamed Genting Hong Kong in 2009, is listed on Singapore and Hong Kong Stock Exchange. The Genting Group currently owns about 19.9% of Genting Hong Kong.
The Group employs over 58,000 globally and possesses 4,500 hectares (11,000 acres) of prime resort land and 133,500 hectares (330,000 acres) of land for plantation. The group's combined market capitalisation amounted to US$24 billion as of 23 February 2016. Genting Group has assets totalling US$16.6 billion, as at 31 December 2010.
Genting Berhad is the parent company and holding company that manages investment in other companies. Headquarters in Malaysia. Listed on Bursa Malaysia, with market capitalisation of US$9.4 billion as at 31 December 2014.
In December 2006, Genting Group won the bid in obtaining one of two Singapore casino licences to build an integrated resort, named Resorts World Sentosa, under Genting Singapore. The project requirements includes hotel, gambling, leisure facilities, convention space and retail to create an iconic major tourist attraction for the booming Asian tourism market.
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