• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Saturday 9 August 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 Group head Lim Kok Thay one of “several investors” keen to purchase unfinished cruise ship Global Dream

Newsdesk by Newsdesk
Wed 16 Feb 2022 at 04:46
Genting Group head Lim Kok Thay one of “several investors” keen to purchase unfinished cruise ship Global Dream

Global Dream

53
SHARES
1.3k
VIEWS
Print Friendly, PDF & Email

Genting Group patriarch Lim Kok Thay is said to be among several investors to have expressed interest in purchasing Global Dream – the unfinished cruise ship currently sitting dormant at Genting Hong Kong’s bankrupt shipbuilding yard in Germany.

According to a report by Bloomberg, Lim’s interest in privately acquiring the ship was confirmed by German court-appointed provisional insolvency administrator, Christoph Morgen, during a press briefing at the MV Werften shipyards this week.

Measuring 342 meters in length, Global Dream had promised to be the world’s largest cruise liner by passenger capacity before construction ground to a halt in January when the shipyards filed for insolvency. Genting Hong Kong has since seen provisional liquidators appointed over debts totalling almost US$2.8 billion – a process that began when the company was unable to access US$88 million in funding form the German government that it needed to avoid triggering loan defaults.

According to Morgen, the government remains hopeful of finding an investor to purchase and help fund completion of Global Dream but said he would prefer to “find a better solution for the ship” than Lim.

“My impression is that he would only like to buy it if nobody else would be interested in order to get it cheap and possibly to finish the ship somewhere else,” Bloomberg quoted Morgen as saying. “I hope that we won’t depend on this, because we now have strong interest from many other possible investors.”

German Economy Minister Robert Habeck said the government remains willing to provide financial assistance to a “new reliable investor” to finish building Global Dream, which is currently about 72% complete and requires between €500 million and €600 million (US$568 million and US$681 million) for completion.

“If there’s a reliable finance plan, we could make the same offer like over Christmas,” Habeck said, noting that any such deal with Genting Hong Kong had collapsed because the company was unwilling to chip in.

“We don’t want to throw money out of the window.”

Lim, who personally owns 75% of Genting Hong Kong, stepped down as the company’s Chairman and CEO last month.

RelatedPosts

Zitro reduced amount of non-recyclable waste produced by 73% in just two years

Zitro reduced amount of non-recyclable waste produced by 73% in just two years

Wed 6 Aug 2025 at 04:51
We’re Back!

Executive reshuffle sees RWS CEO Lee Shi Ruh named President and COO of parent company Genting Singapore

Sat 2 Aug 2025 at 15:26
Sports betting a key focus of SBC Summit in 2024

Super Stage to be a feature of SBC Summit in 2025 including keynotes from Gary Vaynerchuk, Randi Zuckerberg

Fri 1 Aug 2025 at 05:41
STDM-run casino among five concessions up for grabs in Portugal as government launches tender process

STDM-run casino among five concessions up for grabs in Portugal as government launches tender process

Mon 28 Jul 2025 at 05:54
Load More
Tags: cruise shipEuropeGenting Hong KongGlobal DreamLim Kok ThayMV Werften
Share21Share4
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Ministry says foreign workers comprised majority of 2,000 laid-off RWS workers

JP Morgan highlights “strikingly large” gap between Singapore’s two IRs as Resorts World Sentosa falls to all-time low market share

by Ben Blaschke
Sat 9 Aug 2025 at 10:04

Investment bank JP Morgan on Friday whacked Singapore’s Resorts World Sentosa (RWS) for what he described as a “strikingly large” gap in market share and profit share in the three months to 30 June 2025. It also noted that the...

Licensed online operators respond to regulatory push by forming PlaySafe Alliance of the Philippines

Licensed online operators respond to regulatory push by forming PlaySafe Alliance of the Philippines

by Newsdesk
Sat 9 Aug 2025 at 10:01

A group of 19 licensed online gaming operators in the Philippines have come together to form the PlaySafe Alliance of the Philippines – a unified industry association they say is committed to responsible gaming, regulatory compliance, consumer protection and combatting...

IGT to unveil comprehensive game portfolio, new jackpots at Australasian Gaming Expo

IGT to unveil comprehensive game portfolio, new jackpots at Australasian Gaming Expo

by Newsdesk
Fri 8 Aug 2025 at 12:56

IGT will showcase 10 new game families as well as a revamped jackpot strategy for the local ANZ market at the upcoming Australasian Gaming Expo (AGE) taking place at ICC Sydney from 12 to 14 August 2025. This will also...

Large-scale events center at Wynn Palace part of US$750 million worth of Macau project investments planned by Wynn through end-2026

Large-scale events center at Wynn Palace part of US$750 million worth of Macau project investments planned by Wynn through end-2026

by Ben Blaschke
Fri 8 Aug 2025 at 05:54

Wynn Macau Ltd is looking to spend up to US$750 million through the end of 2026 on a series of upgrade and expansion projects at its Macau resorts, including development of a new large-scale events center at Wynn Palace. The...

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