• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Sunday 14 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Lim Keong Hui buys Zouk nightclub brand from Genting Hong Kong just days after stepping down as Deputy CEO

Ben Blaschke by Ben Blaschke
Wed 2 Sep 2020 at 05:49
Lim Keong Hui buys Zouk nightclub brand from Genting Hong Kong just days after stepping down as Deputy CEO
303
SHARES
7.3k
VIEWS
Print Friendly, PDF & Email

Just five days after stepping down as Genting Hong Kong’s Deputy CEO, Lim Keong Hui looks set to take nightclub brand Zouk Group off the company’s hands.

Genting HK announced on Tuesday that it has reached an agreement with Lim that will see the 35-year-old – son of Genting Group Chairman and CEO Lim Kok Thay – acquire Zouk Group for SG$14 million (US$10.3 million).

Zouk, which was acquired by Genting HK in 2015, operates a nightclub in Singapore under the Zouk name and has expanded to Kuala Lumpur and Resorts World Genting via franchise.

The decision to offload the brand comes after Genting HK last month suspended all payments to the group’s financial creditors in order to preserve liquidity amid growing COVID-19 pressures. It has since met with some of those creditors to “agree and implement a consensual solvent restructuring solution” following a crippling US$743 million loss in the first half of 2020.

On Tuesday, the company explained that it has taken “swift countermeasures to aggressively minimize expenses and conserve cash to lower our cash burn rate.

“We continue our efforts to conserve cash and to seek additional sources of finance, including disposal of non-core assets and investments, to sustain our business pending resumption of cruise operations,” it said. “The disposal will enable the Group to offload non-core assets and investment and provide liquidity to the Group.”

Lim only last week announced he was stepping down from his roles as Genting HK’s Deputy CEO and Executive Director to focus on other business commitments. He was first appointed Deputy CEO in January 2019.

RelatedPosts

Fantasy sports gaining Japan foothold with basketball the first step

Hong Kong formally passes bill legalizing basketball betting with 50% tax on profit

Thu 11 Sep 2025 at 16:52
VIDEO: IAG chats with StarDream Cruises President Michael G. Johansen

VIDEO: IAG chats with StarDream Cruises President Michael G. Johansen

Wed 10 Sep 2025 at 22:22
Editorial – Beware the Lion King

Macau’s Galaxy Entertainment Group opens new office in Singapore

Tue 2 Sep 2025 at 05:05
Summit Ascent shareholders pave way for Suncity to take majority stake

LET Group and Summit Ascent report improved 1H25 performance on Tigre de Cristal upgrades, addition of export business in Russia

Mon 1 Sep 2025 at 05:16
Load More
Tags: Genting GroupGenting Hong KongHong KongLim Keong HuiLim Kok ThaySingaporeZouk Group
Share127Share21
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

Crane NXT to improve counterfeit detection abilities via planned full acquisition of Italian inspection and detection firm Antares Vision

Crane NXT to improve counterfeit detection abilities via planned full acquisition of Italian inspection and detection firm Antares Vision

by Newsdesk
Sat 13 Sep 2025 at 11:12

Crane NXT – the parent company of currency and payments technology form CPI – says it has signed definitive agreements to acquire a significant stake in Italian inspection and detection systems firm Antares Vision S.p.A. with the intention of taking...

SJM reveals eco-friendly features of new Cotai IR

Fitch expecting SJM’s EBITDA leverage to widen in 2025 on slowing growth of Grand Lisboa Palace, satellite casino uncertainty

by Ben Blaschke
Sat 13 Sep 2025 at 10:57

The EBITDA leverage of Macau concessionaire SJM Holdings is expected to increase to more than 8x in 2025, widened from 7.0x in 2024, due to squeezed margins at the company’s Cotai integrated resort Grand Lisboa Palace and the impact of...

Aristocrat in leadership shakeup with former Light & Wonder exec Dylan Slaney to lead online unit, Barry French taking over corporate affairs

Aristocrat in leadership shakeup with former Light & Wonder exec Dylan Slaney to lead online unit, Barry French taking over corporate affairs

by Newsdesk
Fri 12 Sep 2025 at 07:20

Aristocrat Leisure Limited has announced the impending departures of two key executives, with Aristocrat Interactive CEO Moti Malul to step down in March 2026 and Chief Corporate Affairs Officer Natalie Toohey exiting immediately. In an ASX filing, Aristocrat said that...

POST-COVID5: Re-opening mood is growing. What will drive the ramp-up?

Macau gaming tax climbs to new post-pandemic high of MOP$8.31 billion in August

by Newsdesk
Fri 12 Sep 2025 at 06:20

According to data released by Macau’s Financial Services Bureau, the Macau government’s revenue from gaming taxes in August was approximately MOP$8.31 billion (US$1.04 billion), around 2.5% higher than the MOP$8.31 billion (US$1.01 billion) collected in July. The August tax figure...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語