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Genting Hong Kong dealt a bad hand

Esther Lee
Esther Lee7/3/2017 08:00 AM GMT+08  • 5 min read
Genting Hong Kong dealt a bad hand
SINGAPORE (July 3): To say that Genting Hong Kong (Genting HK), in which the Lim family has a controlling 68.87% stake, has seen better days would not be an exaggeration, at least at the moment. Indeed, the company seems to have been dealt a bad hand.
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SINGAPORE (July 3): To say that Genting Hong Kong (Genting HK), in which the Lim family has a controlling 68.87% stake, has seen better days would not be an exaggeration, at least at the moment. Indeed, the company seems to have been dealt a bad hand.

Apart from the uncertainty about the turnaround of its cruise division — even though the Lim family pumped big money into it for expansion in the past two years — the Philippine authorities have also cast a pall over the company’s sole source of income: Resorts World Manila.

After a botched robbery and arson incident on June 2 at RWM — in which associate company Travellers International Hotel Group holds a 45% stake — that resulted in 38 fatalities, the Philippine gaming regulator suspended the casino’s operations on June 9.

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