• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 2 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
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
No Result
View All Result
IAG
No Result
View All Result

Genting Hong Kong reports US$238.3 million loss in 1H21, says still seeking funding sources

Ben Blaschke by Ben Blaschke
Wed 1 Sep 2021 at 07:22
Genting Hong Kong reports narrowed loss in 2019 but short-term outlook bleak on COVID-19 cruise ship impact
44
SHARES
1.1k
VIEWS
Print Friendly, PDF & Email

Genting Hong Kong says it is still looking for new sources of funding to help navigate the COVID-19 pandemic after falling to another US$238.3 million loss for the six months to 30 June 2021.

The loss, while narrowed from a 1H20 loss of US$742.6 million, reflects ongoing headwinds for the company’s core cruise ship business – one of the hardest hit industries globally form the pandemic.

Despite finalizing agreements with creditors in June that will see the company granted new loans and extensions to maturities around its US$2.6 billion of debt, Genting Hong Kong said in its H1 results release overnight that it continues to search out further funding opportunities.

“The Company’s financial results remain heavily impacted by the COVID-19 pandemic and the extent of the losses will depend on many factors including the timing of full return to service of its cruise fleet,” it said.

“The Company continues to seek new sources of funding in view of the uncertainties in the recovery.”

Genting Hong Kong reported a decline in revenue in 1H21 to US$182.3 million, down from US$226.2 million in 1H20 due to the suspension of Crystal Cruises and Star Cruises operation since early 2020.

However, the resumption of cruising in Taiwan and Singapore at various times helped reduce the group’s EBITDA loss to US$171.2 million.

Staying positive, Genting Hong Kong cited a Cruise Ships in Service Report issued by Cruise Industry News which said around 50% of the global cruise fleet is expected to be back in service by the end of August 2021.

The company, which has recently resumed sailings from Singapore and Hong Kong, is planning to relaunch Explorer Dream in Taiwan from September, having suspended operations for a second time in May.

RelatedPosts

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
Melco prices US$750 million Senior Notes offering

Melco Resorts parent Melco International back in the black with US$45 million 1H25 profit

Sun 31 Aug 2025 at 08:45
Analysts puzzled as combined market cap of Macau concessionaires falls back to 2022 COVID levels

Hong Kong Stock Exchange confirms delisting of LET Group and Summit Ascent scheduled for 1 September

Thu 28 Aug 2025 at 05:32
Hong Kong Chief Executive claims to have discussed “travel bubble” with Macau

Hong Kong Stock Exchange to cancel the listings of casino investors LET Group and Summit Ascent

Tue 19 Aug 2025 at 04:54
Load More
Tags: cruise shipsDream CruisesGenting Hong KongHong Kong
Share18Share3
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
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Jeju Dream Tower casino sales down 7.4% in March

Korea’s Jeju Dream Tower stretches run of consecutive volume and visitation growth to seven months as September hits record highs

by Newsdesk
Tue 2 Sep 2025 at 05:20

Korea’s Jeju Dream Tower registered another all-time record in casino drop and visitation in August, stretching its run of consecutive growth to seven months. According to information from the property’s parent company Lotte Tour, August visitation reached 57,042 – up...

Editorial – Beware the Lion King

Macau’s Galaxy Entertainment Group opens new office in Singapore

by Pierce Chan
Tue 2 Sep 2025 at 05:05

Macau’s Galaxy Entertainment Group (GEG) has announced the opening of a new office in Singapore, which it says aims to support tourism and MICE-related enquiries from customers. Located in the heart of Singapore’s central business district, GEG said the office...

Zitro: Spanish flair

Zitro teases big reveal at G2E Las Vegas 2025

by Newsdesk
Mon 1 Sep 2025 at 14:40

Spanish gaming supplier Zitro says it is gearing up for a milestone appearance at this year’s Global Gaming Expo (G2E) in Las Vegas, promising an experience filled with new content, innovation and a highly anticipated product debut. Located in a...

Survey finds Thai locals mostly worried that legal casinos will increase problem gambling, crime and conflict

Chinese visitation, air capacity to Thailand are continuing to fall in 3Q25

by Newsdesk
Mon 1 Sep 2025 at 13:52

The number of Chinese tourist arrivals to Thailand continues to fall, with airlines increasingly slashing flights and visitation through August falling below already subdued forecasts, according to research from Maybank Securities. Just days after Thailand’s Constitutional Court ousted Prime Minister...

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

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
  • 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