• 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

Genting Hong Kong gets loan for new cruise ship

May 29, 2014 Newsdesk Industry Talk, Latest News, Top of the deck  


Genting Hong Kong gets loan for new cruise ship

Gaming operator Genting Hong Kong Ltd has secured a loan facility of up to EUR606.8 million (US$825.3 million) to finance the construction of a new cruise ship.

The company said in a filling to the Hong Kong stock exchange on Wednesday that the loan was secured through indirectly wholly owned subsidiary Chinese Percept Ltd.

The mandated lead arrangers and original lenders are Credit Agricole Corporate and Investment Bank, DNB Bank ASA – Singapore Branch and KfW IPEX-Bank GmbH.

German shipbuilder Meyer Werft GmbH will build the vessel, which will have 1,682 passenger cabins and a price tag of EUR697.2 million. The delivery date is October 2017, according to a February filing from Genting Hong Kong, which did not directly state whether the ship would include gaming facilities. The company said in the same filling it expected to fund the construction of the ship by a combination of internal resources and external financing.

Genting Hong Kong owns Star Cruises, which operates casino cruises in the Asia Pacific region. The company also owns casino resort Resorts World Manila, in a joint venture with Philippines-based Alliance Global Group Inc.

Genting Hong Kong also has a 31.35 percent stake in U.S.-listed Norwegian Cruise Line Holdings Ltd, but the company announced earlier this year it plans to sell it.

Genting Hong Kong is a subsidiary of Malaysian conglomerate Genting Bhd, which has gaming operations in Asia, Europe and the United States.

Meyer Werft is already building another similar-sized cruise ship for Genting Hong Kong, to be delivered by October 2016. The company said the construction of the two new ships “is in line with the group’s long-term strategy in modernising and expanding its fleet for continuing business development and also to strengthen the group’s market penetration in the Asia Pacific region”.

The new cruise ship “will be designed to cater for the unique demands of Asian clientele, in particular, [those from] Singapore, Malaysia and Thailand”, Genting Hong Kong stated.


  • tweet
Related articles
  • Capacity limits could push Macau GGR downwards: brokerage
    Capacity limits could push Macau GGR...

    Jul 26, 2022  

  • Macau mass baccarat nearly 60pct of 2Q GGR
    Macau mass baccarat nearly 60pct of 2Q...

    Jul 18, 2022  

More news
  • Covid entry tests for mainlanders to Macau, except Zhuhai
    Covid entry tests for mainlanders to...

    Aug 09, 2022  

  • SOFTSWISS affiliate platform Affilka opts for cost-per-lead
    SOFTSWISS affiliate platform Affilka...

    Aug 09, 2022  


Latest News

Covid entry tests for mainlanders to Macau, except Zhuhai

Covid entry tests for mainlanders to Macau, except Zhuhai

Aug 09, 2022  

Starting from 1am on Tuesday (August 9), most travelling directly by air or sea to Macau from mainland China are required to take a nucleic acid test (NAT) upon arrival, plus another such test within...
Read More
SOFTSWISS affiliate platform Affilka opts for cost-per-lead

SOFTSWISS affiliate platform Affilka opts for cost-per-lead

Aug 09, 2022  

SOFTSWISS Sportsbook offering iFrame function

SOFTSWISS Sportsbook offering iFrame function

Aug 09, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”I believe it will take more than the offered concession term, 10 years, to see an appreciable increase in inflows of tourists [to Macau] from countries outside the existing tourist catchment areas”

David Green

Gaming and governance consultant at Newpage Consulting



Most Popular

  • More biz from foreigners hard for Macau casinos say expertsMore biz from foreigners hard for Macau casinos say experts August 8, 2022
  • Court tells Philippine AML body end bank heist cash freezeCourt tells Philippine AML body end bank heist cash freeze August 8, 2022
  • Microchip lack felt by slot makers says MGEMA boss ChunMicrochip lack felt by slot makers says MGEMA boss Chun August 5, 2022
  • Bloomberry 2Q net income more than doubles q-o-qBloomberry 2Q net income more than doubles q-o-q August 8, 2022
  • Japanese get visa-free S.Korea entry for August: reportJapanese get visa-free S.Korea entry for August: report August 4, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us