Archive

_2022-02-15
Former Genting Hong Kong Chairman and CEO Lim Kok Thay is among the interested bidders for the group’s unfinished Global Dream mega liner, but the insolvency administrator is hoping to find a better buyer.

_2022-02-14
Suncity Group Holdings said that the group has adopted the Hong Kong Dollar as the presentation currency for its consolidated financial statements for the year ended 31 December 2021 and going forward.

_2022-02-11
Genting Hong Kong’s Crystal Cruise unit has closed its U.S. headquarters and all staff have received termination letters, though crew aboard ships are still unclear about their future, according to specialist cruise media.

_2022-02-07
Hong Kong punters splurged on a record HK$1.9 billion in bets during the Lunar New Year race meeting.

_2022-01-31
Illegal betting sites have taken to social media to spam potential bettors in Hong Kong, which raises the risk of gambling harm to a younger audience, according to the Asian Racing Federation.

_2022-01-31
With Macau seeing some clarity with its regulatory landscape, its likely business models need a rethink to stay competitive. Casinos will need to find ways to capture new demographics in the mass market. In some ways, this bodes well for IDX Games, as...

_2022-01-28
Genting Hong Kong said its Dream Cruises unit has filed for bankruptcy protection in a Bermuda court after its own petition triggered defaults on all group debt.

_2022-01-28
Hong Kong is shortening its mandatory Covid-19 quarantine time from 21 to 14 days, though it has extended its existing social distancing curbs for two more weeks until February 21.

_2022-01-25
Hong Kong-listed International Entertainment said its Executive Director and Chairman Dr Stanley Choi is no longer considered a substantial shareholder in the group after selling down more of his stake.

_2022-01-25
A ship belonging to Genting Hong Kong's Crystal Cruises was forced to divert to the Bahamas rather than ending its journey in Miami on Saturday to avoid seizure by U.S. marshals due to unpaid fuel bills.

_2022-01-21
Crystal Cruises said it has suspended operators for its Ocean and Expedition ships through to April 29th to allow management to evaluate its options after parent company Genting Hong Kong filed for bankruptcy protection.

_2022-01-19
Genting Hong Kong confirmed it has filed for bankruptcy protection in a Bermuda court after efforts to find a solution with creditors failed and said it expects to run out of cash on hand by the end of this month.