Genting Group

Infobox_Company
company_name = Genting Berhad
company_| company_type = Public
company_slogan = "Growth from Strength to Strength"
foundation = founded 1965, incorporated 1968
location = Head office in Kuala Lumpur, Malaysia
key_people = Tan Sri Lim Kok Thay (CEO)
Tun Mohammed Hanif bin Omar (Deputy Chairman)
num_employees = 36 000 globally
products = Resort, Casino
industry = Tourism
revenue = 5.45 billion MYR 2005
homepage = [http://www.genting.com.my http://www.genting.com.my]

Genting Group (myx|3182) is the trading name of Genting Berhad, established in 1964 by Malaysian entrepreneur Tan Sri Lim Goh Tong. The group's pioneer project is Genting Highlands Resort, the main attraction of the resort is its casino and theme park. It is one of the most popular tourist destination in Malaysia.

Genting Group trading as Genting Berhad is a publicly listed company on Bursa Malaysia. Genting group is made of the five listed companies. They are listed below. It employs over 36 000 globally and have 11 000 acres (44 km²) of prime resort land and 175 000 acres (708 km²) of land for plantation. The group combined market capitalisation is US $11 billion.

Group structure

* Genting Berhad - This is the parent company and holding company that manages investment in other companies. Headquarters in Malaysia. Listed on Bursa Malaysia. Market Capitalisation is US$4.9 billion.

* Genting International PLC - (64% owned by Genting Berhad) - investment holding company

* Resorts World Berhad - (57% owned by Genting Berhad) - It is involved leisure and hospitality, gaming and entertainment. Listed on Bursa Malaysia with market capitalisation of US$3.3 billion.

* Asiatic Development Berhad (55% owned by Genting Berhad) - this is involved in plantation and property. Listed on Bursa Malaysia with US$0.7 billion market capitalisation.

Diversification

From its initial leisure and hospitality activities, the Genting Group has since expanded and diversified into other activities including plantations, properties, power generation, oil and gas, e-commerce and the development of information technology. One of its associated cruise line business, the Star Cruises, was disposed in 2007.

Genting Group and its consortium partners won the bid in obtaining the second casino license and building an integrated resort, named Resorts World at Sentosa, in Singapore. [ [http://www.wildsingapore.com/news/20061112/061208-5.htm#yn1 Genting-Star Cruises consortium wins Sentosa integrated resort project ] ] The project requirements includes hotel, gaming, leisure and recreational facilities, shopping. Thus, to create an iconic major tourist attraction that will take advantage of the booming Asian tourism market.

With the retirement of Tan Sri Lim Goh Tong, his son, Tan Sri Lim Kok Thay has taken over the responsibilities as Chairman, President and Chief Executive of Genting Group.

Notes

External links

* [http://www.genting.com/groupprofile/ Official website]
* [http://integratedresorts.com.sg/Genting_n_Star-Cruises.htm Genting International Proposal] - Genting International Proposal (The Winner of Sentosa IR)