• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Casino bosses Chen, Lim, slip down Malaysia 50 Richest

Jun 04, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck  


Casino bosses Chen, Lim, slip down Malaysia 50 Richest

Two casino entrepreneurs have slipped down the top 20 in Forbes’ “2021 Malaysia’s 50 Richest” list, amid the Covid-19 pandemic.

At number nine – down from four in 2020 – now with an estimated net worth of US$3.4 billion, is Chen Lip Keong (pictured, left), chief executive of Hong Kong-listed NagaCorp Ltd, which has a casino monopoly in the Cambodian capital Phnom Penh, and is also developing a venue in Vladivostok, Russia.

Mr Chen’s 2021 net worth is down 35.8 percent on the estimated US$5.3 billion he held last year.

At number 11 this year, down from seven, and with an estimated net worth this year of US$2.55 billion, is Lim Kok Thay, chairman of conglomerate Genting Bhd.

Mr Lim’s 2021 net worth slipped 20.3 percent on the estimated US$3.2 billion he had last year.

Via a network of associated companies, the Genting brand has global casino operations, including in Malaysia, Singapore, the United Kingdom, the United States, the Bahamas, and Egypt, as well as in casino cruise ships. The group is also a contender for a casino licence in Yokohoma, Japan.

Both men saw their fortunes dented this year by the Covid-19 pandemic, which has seen temporary closure of their respective casino operations in Asia Pacific, and in Genting’s case, beyond the region.

NagaCorp’s NagaWorld complex in Cambodia has been shuttered since late in the first quarter, amid Covid-19 cases in Phnom Penh.

The casino at Resorts World Genting, Genting Malaysia Ltd’s flagship resort near Kuala Lumpur, Malaysia, was temporarily shuttered from May 24 due to a so-called movement control order imposed by the country’s government to tackle the spread of Covid-19.

The whole complex was temporarily shut down from Monday (May 31).

Overall, enterpreneurs on the 2021 Forbes Malaysia Rich List saw a rebound in their collective wealth, as it rose 14 percent to nearly US$90 billion this year, after declining for two years, said the media outlet.


  • tweet
Related articles
  • China restates action on overseas-bet fugitives
    China restates action on overseas-bet...

    Aug 17, 2022  

  • Casino op NagaCorp repurchases fraction 2024 senior notes
    Casino op NagaCorp repurchases fraction...

    Aug 15, 2022  

More news
  • Macau resuming tourism promotion on Chinese mainland
    Macau resuming tourism promotion on...

    Aug 19, 2022  

  • SOFTSWISS Game Aggregator deal on Vibra Gaming content
    SOFTSWISS Game Aggregator deal on Vibra...

    Aug 19, 2022  


Latest News

Macau resuming tourism promotion on Chinese mainland

Macau resuming tourism promotion on Chinese mainland

Aug 19, 2022  

Macao Government Tourism Office (MGTO) said on Friday that it is resuming promotion of Macau as a travel destination, targeting mainland Chinese consumers. Its new campaign starts this month and runs...
Read More
SOFTSWISS Game Aggregator deal on Vibra Gaming content

SOFTSWISS Game Aggregator deal on Vibra Gaming content

Aug 19, 2022  

Ambrose So, CEO of Macau op SJM cuts stake for US$11mln

Ambrose So, CEO of Macau op SJM cuts stake for US$11mln

Aug 19, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

“The key focus is digging ourselves, together with the other five operators, out of hole that Macau has been in for the last three years”

Lawrence Ho Yau Lung

Chairman of casino operator Melco Resorts



Most Popular

  • Studio City Phase 2 opening 2Q23, in stages: Lawrence HoStudio City Phase 2 opening 2Q23, in stages: Lawrence Ho August 19, 2022
  • Galaxy Ent 2Q EBITDA dips 41pct sequentially, 1H lossGalaxy Ent 2Q EBITDA dips 41pct sequentially, 1H loss August 18, 2022
  • GEN HK liquidators considering offers on Manila venue stakeGEN HK liquidators considering offers on Manila venue stake August 18, 2022
  • China restates action on overseas-bet fugitivesChina restates action on overseas-bet fugitives August 17, 2022
  • Macau govt names members of new casino-policy committeeMacau govt names members of new casino-policy committee August 17, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us