The Genting Group is headquartered in Wisma Genting in Kuala Lumpur, Malaysia.[9] The Group comprises the holding company Genting Berhad (MYX: 3182), its listed subsidiaries Genting Malaysia Berhad (MYX: 4715), Genting Plantations Berhad (MYX: 2291), Genting Singapore Plc (SGX: G13 ), as well as its wholly owned subsidiary Genting Energy Limited.[10][11]
Founded in 1965 by the late Malaysian entrepreneur Tan Sri Lim Goh Tong,[12][13] the Genting Group is headed by Tan Sri Lim Kok Thay, the chairman and Chief Executive, who joined the Group in 1976.[14]
The Group and its affiliates employ about 47,000 people[16] worldwide and have over 4,500 hectares (11,000 acres) of prime resort land and 238,400 hectares (589,099 acres) of land for plantation.[17]
Group structure
Genting Berhad is principally an investment holding and management company.[18] The company is headquartered in Malaysia.[19] It is listed on the main board of Bursa Malaysia, with a market capitalisation of RM18 billion (about USD4.5 billion) as at 31 December 2021.[20]
Genting Singapore PLC (52.7%[21] owned by Genting Berhad) – investment holding company. It is listed on Singapore Stock Exchange. Market capitalisation was USD6.91 billion as of 31 December 2021.[22]
Genting Malaysia Berhad (49.5[21]% owned by Genting Berhad) – It is involved in leisure and hospitality, gambling and entertainment which includes its casino businesses in Malaysia, in the Americas and the United Kingdom. Genting Malaysia owns and operates major properties including Resorts World Genting in Malaysia, Resorts World Casino New York City in the US, over 40 casinos including Resorts World Birmingham in the UK and Resorts World Bimini in the Bahamas. It is listed on the main board of Bursa Malaysia with a market capitalisation of about RM16 billion (USD4 billion) as at 31 December 2021.[23]
Genting Plantations Berhad (55.4%[21] owned by Genting Berhad) – is involved in plantations, biotechnology and property, which includes its property arm, Genting Property. Genting Plantations owns 243,500 hectares[24] of land in Malaysia and Indonesia. It is listed on the Main Market of Bursa Malaysia with about RM6.0 billion (USD1.5 billion) market capitalisation as of 31 December 2021.[25]
Kien Huat Realty – the real estate development and investment entity created by Genting founder Lim Goh Tong owns about 43 percent of Genting Berhad.[26]
Diversification and expansion
In December 2006, Genting Group won the bid in obtaining one of two Singapore casino licences to build an integrated resort, named Resorts World Sentosa, under Genting Singapore.[27] The project requirements include hotel, gambling, leisure facilities, convention space and retail.
In 2007, Genting Plantations ventured into biotechnology to develop synthetic genomic processes and naturally occurring processes for alternative energy resources through an equally owned joint venture with "Synthetic Genomics".[28]
In July 2007, Genting Group disposed of its paper and packaging business.[28]
In August 2009, Genting Hong Kong opened Resorts World Manila in partnership with Alliance Global Group. It is one of four groups that won approval in 2008 to build hotels and casinos as part of Philippines' US$20 billion Pagcor City development on Manila Bay.[29] In June 2009, Genting Group supported the capital raising exercise of MGM Mirage.[30]
In August 2010, Genting Property began construction on an upscale retail destination, Johor Premium Outlets in partnership with Indianapolis, Indiana-based Simon Property Group, as part of a wider 7,000-acre (2,800ha) integrated township project in the southern state of Johor.[31]
In September 2010, Genting New York won a bid to build a racino at Aqueduct Racetrack in New York City, the first step of a planned expansion in the United States.[28] Among the attributes of the plan was providing a diversion for passengers on extended stays at John F. Kennedy International Airport.[32] Resorts World New York opened in October 2011.[33]
In May 2011, Genting Malaysia purchased 14 acres (5.7ha) of Biscayne Bay front land surrounding the headquarters of The Miami Herald for US$236 million; The McClatchy Company announced that the Herald and El Nuevo Herald would be moving to another location by 2013.[34] The land is to be used for a mixed-use development, Resorts World Miami, that would include hotels, restaurants, residences, retail shops and a convention centre. Genting Group sees the Miami land acquisition as an integral step in its pursuit of expanding internationally in the leisure, hospitality and entertainment industry.[35]
In June 2011, Genting UK was awarded a casino licence for a 55,000 sq-metre mixed-use facility in Birmingham.[36] The development is in partnership with the NEC Group.
In May 2015, Genting Hong Kong purchased 100% ownership of Crystal Cruises and plans for expansion into river cruising, private jet charters using Boeing 777 aircraft and the new build of three 100,000 GT mega cruise ships was announced for the brand. Genting also announced the construction of a 204,000 GT ultra-luxury and giant cruise ship. In October 2016, Genting Hong Kong was entirely sold to the Lim Kok Thay's family-owned unit trust Golden Hope Limited as part of a family business restructuring exercise, separating it from Genting Group but retaining it under ownership of Lim Kok Thay's family.[39]
In 2016, Genting announced the building of Resorts World Miami. This project will cost about US$3 billion. This project has the world's biggest swimming pool.
In 2017, Genting announced they would lend their name to a new resort, Resorts World Catskills. The casino was originally to be named Montreign Resort Casino.[40]
In January 2018, Genting announced plans to build a new casino resort in Andorra. The resort is expected to cost EUR€105 million and will host many different musical and cultural events.[41]
Genting Highlands is a hill station located on the peak of Mount Ulu Kali in the Titiwangsa Mountains, central Peninsular Malaysia, at 1800 metres elevation. Located in the state of Pahang. It was established in 1965 by the late Malaysian businessman Lim Goh Tong. The primary tourist attraction is Resorts World Genting, a hill resort where casinos and theme parks are situated and where gambling is permitted. Many of Pahang's skyscrapers can be found here.
Malayan Banking Berhad is a Malaysian universal bank, with key operating "home markets" of Malaysia, Singapore, and Indonesia. According to the 2020 Brand Finance report, Maybank is Malaysia's most valuable bank brand, the fourth-top brand amongst the Asean countries and ranked 70th among the world’s most valuable bank brands.
Star Cruises was a cruise line headquartered in Hong Kong and operated in the Asia-Pacific market. The company was owned by Genting Hong Kong. It was the eighteenth largest cruise line in the world after Carnival Corporation, Royal Caribbean Cruises and 15 others.
Las Vegas Sands Corporation is an American casino and resort company with corporate headquarters in Paradise, Nevada, United States. It was founded by Sheldon Adelson and his partners out of the Sands Hotel and Casino on the Las Vegas Strip. The Sands was demolished and redeveloped as The Venetian, opening in 1999. An adjacent resort, The Palazzo, opened in 2007. Both resorts were sold in 2022.
YTL Corporation Berhad is a Malaysian infrastructure conglomerate, founded in 1955 by Yeoh Tiong Lay, after whom the group is named. YTL Corporation Berhad is an integrated infrastructure developer with extensive operations in countries including Malaysia, Singapore, the United Kingdom, Australia, France, Indonesia, Japan, Jordan, Myanmar, the Netherlands, Thailand and Vietnam. The company has grown from a small construction firm into a global infrastructure company generating over RM25 billion in annual revenue and RM5 billion in EBITDA with over 70 percent coming outside Malaysia.
Lim Goh Tong was a prominent wealthy Malaysian Chinese businessman & entrepreneur. He was renowned for transforming Genting Highlands from an unexplored hilltop into one of the world's most successful casino resorts. He was once the richest man in Malaysia with a net worth of US$4.2billion
Oriental Holdings Berhad is a Malaysian conglomerate, mainly involved in car dealerships as well as real estate development, manufacturing and healthcare.
The Chin Swee Caves Temple is a Chinese temple in Genting Highlands, Pahang, Malaysia. It is situated in the most scenic site of Genting Highlands, on a 28-acre plot of rocky forested land donated by Genting Group founder the late Lim Goh Tong. Located 4,600 feet above sea level, the temple is about 5–10 minutes' drive down from the peak of the mountain. Within the temple is seated a statue of Master Qingshui, a Buddhist monk who has long been worshipped as a Deity in Fujian Province, China for his miraculous abilities to summon rain and subdue evil spirits. The temple attracts many local and foreign devotees from Singapore, Taiwan, Vietnam, China, Thailand and Indonesia.
Resorts World Sentosa is an integrated resort on the island of Sentosa, which is located off the southern coast of Singapore. The key attractions within RWS include one of Singapore's two casinos, Universal Studios Singapore theme park the Adventure Cove Waterpark, as well as the S.E.A. Aquarium, which is the world's second largest oceanarium.
Resorts World is a leisure, hospitality, and casino franchise owned by the Genting Group, a Malaysian conglomerate. The Resorts World brand is used across Genting Group's international resort and casino properties, and its namesake cruise line Resorts World Cruises. The Resorts World name has been used with the following properties:
CIMB Group Holdings Berhad is a Malaysian universal bank headquartered in Kuala Lumpur and operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank. CIMB has a wide retail branch network with 1,080 branches across the region.
IJM Corporation Berhad is one of Malaysia's leading conglomerates and is listed on the Main Market of Bursa Malaysia Securities Berhad. Its core business activities encompass construction, property development, manufacturing and quarrying, Infrastructure concessions and plantations. Headquartered in Selangor, Malaysia, IJM's regional aspirations have seen it establish a growing presence in neighbouring developing markets with operations presently spanning 10 countries, with primary focus in Malaysia, Singapore, Australia, United Arab Emirates, China, Indonesia and India.
Empire Resorts is a gaming company that owns and operates Resorts World Catskills and Monticello Raceway in the Catskill Mountains, 90 miles (140 km) from New York City. Headquartered in Monticello, New York, Empire Resorts is owned by affiliates of the Genting Group.
Genting Hong Kong Limited was a holding company that operated cruise and resort businesses. It was headquartered in Ocean Centre (海洋中心), Tsim Sha Tsui, Hong Kong and listed on the Hong Kong Stock Exchange. It was part of the Genting Group, whose chairman Lim Kok Thay was also the chairman and majority shareholder of Genting Hong Kong with 69% ownership of April 2020. It also owned the cruise lines Crystal Cruises, Dream Cruises and Star Cruises, Resorts World Manila, and the MV Werften and Lloyd Werft shipyards.
Tan Sri Lim Kok Thay is a Malaysian Chinese billionaire businessman. He is the chairman of Genting Group, a casinos, resorts and palm oil conglomerate with a market capitalization of almost MYR40 billion, and the second son of fellow billionaire Lim Goh Tong, the company's founder.
Genting Singapore PLC is a Singapore-based regional leisure, hospitality and integrated resorts development specialist listed on the main board of the Singapore Exchange Securities Trading Limited. The principal activities of the company’s subsidiaries include developing and operating large scale integrated resorts, investments, casino operations, provision of information technology application related services as well as marketing support services to leisure and hospitality related businesses and investments.
Johor Premium Outlets is a mall in Indahpura, Malaysia with 130 designer and name brand outlet stores as of 2021. The center is operated by Genting Simon Sdn Bhd and is part of the Genting Simon Group, which is a joint venture between Genting Plantations Berhad and Simon Property Group.
Resorts World Las Vegas is a resort, mall, and casino on the Las Vegas Strip in Winchester, Nevada, United States. The property is owned and operated by Genting Group and had been the site of the Stardust Resort and Casino until 2007, when Boyd Gaming demolished the resort to develop its Echelon Place project. Boyd halted construction in 2008 due to poor economic conditions and sold the property to Genting in March 2013. Genting immediately announced plans to redevelop the site as Resorts World Las Vegas, part of its Resorts World brand. The project re-used some of the partially finished Echelon buildings, including hotel and parking garage structures.
Resorts World Bimini Bahamas is a 750-acre (300 ha) Caribbean beachfront resort and casino located on North Bimini Island. Opened in 2013, the resort is operated by the Malaysia-based Genting Group. Their corporate office for the southeast USA is located in downtown Miami, Florida. The resort is located in Bimini, Bahamas, 42 miles east of Miami, Florida. Estimated cost to be built is US$220 Million.
Lim Kang Hoo is a Malaysian businessman and investor. He is the founder, chairman and chief executive of Iskandar Waterfront Holdings and Ekovest Berhad. Both corporations manage infrastructure construction projects, as well as mega property development. Tan Sri Lim is also linked to other public listed companies in directorial roles; PLS plantations, holding 40,000 acres in palm oil plantations and Knusford Berhad and Tebrau Teguh Berhad.
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RM13.53 Billion (Fiscal Year Ended 31 December 2021) [7] 
RM53.16 Billion (Fiscal Year Ended 31 December 2021) [7] 
