Genting Group Overview of Operations and Holdings

Author

Reads 7.9K

A hand holding poker chips on a roulette table, showcasing gambling and casino gaming.
Credit: pexels.com, A hand holding poker chips on a roulette table, showcasing gambling and casino gaming.

Genting Group is a Malaysian conglomerate with a diverse range of businesses. The company was founded in 1965 by Tan Sri Lim Goh Tong.

Genting Group operates in several sectors, including hospitality, gaming, and leisure. Its flagship resort, Resorts World Genting, is located in Malaysia and features a casino, theme park, and luxury hotels.

The company has a significant presence in the gaming industry, with a majority stake in the Malaysian casino operator Genting Malaysia Berhad. Genting Malaysia Berhad operates several casinos in Malaysia, including Resorts World Genting.

See what others are reading: Crown Resorts

Diversification and Expansion

Genting Group has a presence in over 50 countries, with a significant focus on the Asia Pacific region.

They have expanded their operations into various sectors, including gaming, hospitality, and leisure.

Their flagship casino, Resorts World Genting, is a major tourist destination in Malaysia.

The group has also ventured into the UK, with the acquisition of the Star City casino in Birmingham.

Credit: youtube.com, GENTING BERHAD: ONE OF THE MOST DIVERSIFIED COMPANIES IN MALAYSIA, IS IT WORTHY TO BE INVESTED?

Genting UK has a strong presence in the British gaming market, operating over 150 casinos.

Their subsidiary, Genting Singapore, has a major casino resort in the city-state, Resorts World Sentosa.

The resort features a range of attractions, including a theme park and a marine life park.

Genting Group's expansion into the UK and Singapore has been a key factor in their growth and success.

Their diversified operations have enabled them to navigate various market conditions and stay ahead of the competition.

Recommended read: The Glover Park Group

Resort and Casino Properties

Genting Group has a diverse portfolio of resort and casino properties around the world.

The company has previously owned the Burswood Entertainment Complex in Perth, Australia, which was formerly known as Burswood Island Casino.

In the Bahamas, Genting was in partnership with the Bahamian government to operate the Lucayan Beach Resort and Casino.

Genting also had a significant stake in Norwegian Cruise Line, headquartered in Miami, but sold their remaining shares in December 2018.

Credit: youtube.com, Miami Herald bayfront property sold to Genting, a Malaysain resort and casino developer

Another notable property is Genting Hong Kong, which is part of the Genting Group's portfolio of resort and casino properties.

Here is a list of some of the notable resort and casino properties previously owned or operated by Genting Group:

  • Burswood Entertainment Complex, Perth, Australia (formerly known as Burswood Island Casino)
  • Lucayan Beach Resort and Casino, Bahamas (in partnership with the Bahamian government)
  • Norwegian Cruise Line, headquartered in Miami. Genting sold their remaining shares in December 2018.
  • Genting Hong Kong

Online Presence

Genting Group has a significant online presence, allowing customers to access their services from the comfort of their own homes.

Genting Casino Online UK is one of the many online platforms offered by the group, catering to customers in the United Kingdom.

Their online presence is not limited to the UK, as they also have online casinos in Spain, Germany, and Ireland.

Genting Casino Online Spain, Genting Casino Online Germany, and Genting Casino Online Ireland are just a few examples of their international online offerings.

Related reading: Telefónica Germany

Locations and Holdings

The Genting Group has a significant presence in Singapore, with Genting Singapore Limited being a major holding, accounting for 52.54% of the company's equities. This investment holding company is listed on the Singapore Stock Exchange.

Worth a look: Go-Ahead Singapore

View of Tourist Resort
Credit: pexels.com, View of Tourist Resort

Genting Singapore Limited's valuation is around SGD3.62 billion, a substantial amount that reflects the company's importance in the Genting Group's portfolio. The company's main office is located at the 14th Floor, Wisma Genting, Jalan Sultan Ismail, Kuala Lumpur, 50250, MY.

Here's a breakdown of the Genting Group's holdings in Singapore and Malaysia:

Holdings

Genting Berhad's holdings are a complex web of companies and investments.

The company has a significant stake in Genting Singapore Limited, with a 52.6% ownership, making it a major player in the Singaporean market.

Genting Berhad also has a 49.3% stake in Genting Malaysia Berhad, which is involved in leisure and hospitality, gambling, and entertainment.

Genting Plantations Berhad is another significant holding, with a 55.4% ownership, and is involved in plantations, biotechnology, and property.

Here's a breakdown of Genting Berhad's holdings:

Kien Huat Realty, a real estate development and investment entity created by Genting founder Lim Goh Tong, also owns a significant portion of Genting Berhad, with a 43.6% stake.

Locations

Aerial view of the colorful First World Hotel, a landmark in Malaysia's Genting Highlands.
Credit: pexels.com, Aerial view of the colorful First World Hotel, a landmark in Malaysia's Genting Highlands.

Our main office is located on the 14th floor of Wisma Genting, which is a well-known building in Kuala Lumpur.

You can find us at Jalan Sultan Ismail, a major street in the heart of the city.

Here are the exact details to help you find us:

  • Address: Jalan Sultan Ismail
  • Building: Wisma Genting
  • Level: 14th Floor
  • City: Kuala Lumpur
  • Postal Code: 50250
  • Country: Malaysia (MY)

Sales by Region

Sales by Region is a crucial aspect of Genting's business.

Genting's sales in Singapore have been steadily increasing, reaching 8.67 billion dollars in 2024.

The company's sales in Malaysia have also shown a significant growth, reaching 8.44 billion dollars in 2024.

In contrast, Genting's sales in the United States of America and Bahamas have been relatively stable, reaching 5.73 billion dollars in 2024.

Here's a breakdown of Genting's sales by region in 2024:

These figures demonstrate the company's diversified revenue streams across various regions.

Leadership and Governance

The Genting Group has a strong leadership team that oversees the company's operations.

The Board of Directors is composed of five members, each bringing their unique experience and expertise to the table.

Credit: youtube.com, Governor Paterson and Genting Break Ground On Resorts World New York

Kok Thay Lim serves as the Chairman, a position he has held since June 30, 2007.

Kong Han Tan has been a Director/Board Member since December 31, 2019, and is currently 59 years old.

Keong Hui Lim has been a Director/Board Member since June 14, 2012, and is the youngest member of the Board at 40 years old.

Cheng Yuen Foong has been a Director/Board Member since January 17, 2016, and is 79 years old.

Swee Lian Koid has been a Director/Board Member since November 22, 2017, and is 68 years old.

Manharlal Ratilal has been a Director/Board Member since February 28, 2019, and is 65 years old.

Here is a list of the Board of Directors members:

Financial Performance

The Genting Group's financial performance has been quite impressive over the years. The company has seen significant growth in its leisure and hospitality segment, with sales increasing from $3.05B in 2020 to $8.67B in 2024.

One notable trend is the rise of the Leisure & Hospitality - Singapore segment, which has consistently shown strong growth, reaching $8.67B in 2024. This segment has been a major contributor to the company's overall revenue.

Credit: youtube.com, [Short] Deep Dive: Genting Malaysia's Q1 Financial Statements | Investment Haus

The Genting Group's operations in different regions have also been a key factor in its financial performance. The Leisure & Hospitality - Malaysia segment has seen a significant increase in sales, from $3.45B in 2020 to $7.56B in 2024.

Here's a breakdown of the company's revenue by segment:

The Genting Group's financial performance has been driven by its diverse range of businesses, with the leisure and hospitality segment being a significant contributor to its overall revenue.

If this caught your attention, see: B Capital

Tommy Weber

Lead Assigning Editor

Tommy Weber is a seasoned Assigning Editor with a keen eye for detail and a passion for storytelling. With extensive experience in assigning articles across various categories, Tommy has honed his skills in identifying and selecting compelling topics that resonate with readers. Tommy's expertise lies in assigning articles related to personal finance, specifically in the areas of bank card credit and bank credit cards.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.