• 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
  • Macau mass market over 79pct of 4Q casino GGR: govt
    Macau mass market over 79pct of 4Q...

    Jan 16, 2023  

  • 461 arrested in Thailand in 2022 for links to online gambling
    461 arrested in Thailand in 2022 for...

    Jan 13, 2023  

More news
  • Tak Chun execs knew illicit to settle proxy in Macau: trial
    Tak Chun execs knew illicit to settle...

    Jan 31, 2023  

  • Chinese comeback limited impact on Singapore IRs: bank
    Chinese comeback limited impact on...

    Jan 31, 2023  


Latest News

Tak Chun execs knew illicit to settle proxy in Macau: trial

Tak Chun execs knew illicit to settle proxy in Macau: trial

Jan 31, 2023  

A Tuesday Macau court session heard allegations of ‘proxy bets’ being facilitated overseas on behalf of customers of former casino junket brand Tak Chun Group, with bet settlement done via Macau,...
Read More
Chinese comeback limited impact on Singapore IRs: bank

Chinese comeback limited impact on Singapore IRs: bank

Jan 31, 2023  

IGSA names new chair, board members for 2023

IGSA names new chair, board members for 2023

Jan 31, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$1.08 billion

Total income for 2022 reported by the Philippine Amusement and Gaming Corp



Most Popular

  • Available Macau casino tables busy at tail of CNY holsAvailable Macau casino tables busy at tail of CNY hols January 27, 2023
  • Almost half million visitors to Macau for 7 days of CNY holsAlmost half million visitors to Macau for 7 days of CNY hols January 30, 2023
  • Macau visitor momentum kept for post CNY weekendMacau visitor momentum kept for post CNY weekend January 30, 2023
  • Junket boss Levo Chan heard okaying illicit bets: courtJunket boss Levo Chan heard okaying illicit bets: court January 30, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us