Your Daily Asia Gaming eBrief: Genting H.K.’s dream shattered by German shipyard gamble

Good Morning. Billionaire Lim Kok Thay had a vision to create a luxury cruise line for the booming Asian markets. Through Genting Hong Kong he amassed a stable of cruise lines, including Dream Cruises, Crystal Cruises and Star Cruises. The company is now in the hands of liquidators and investors are eyeing its assets. We take a look at what shipwrecked the dream.

What you need to know

• Crown Resorts' casino at its new Barangaroo property in Sydney is likely to be open on a conditional basis within weeks, the state regulator said.
• Nevada regulators approved the $6.25b acquisition of Las Vegas Sands' Las Vegas properties by Apollo Global and Vici Properties, with the deal potentially closing next week.
• Tabcorp said its wagering arm was heavily impacted by Covid-19 related retail closures and increased digital marketing and promotional spend during the six months ended December 31, 2022.

On the radar

• AGTech 2021 loss to shrink by 40% as China lotteries recover from Covid.
• Melco Resorts holds Cyprus recruitment drive, seeks 1,800 employees.
• Macau government gets $4.1b in gaming taxes in 2021, short of budget.

What the papers say

• Delta Corp’s Deltin Royale to host Goa gaming carnival.
• Top court acquits Korean lawmaker accused in Kangwon employment scandal.

AGB Intelligence

DEEP DIVE

Genting H.K. dream shattered by German shipyard gamble

Industry Updates

• Two weeks left until landmark gambling regulatory conference in Sydney.

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