cornerstone investor - good and bad part, page-8

Genting is involved in many things and, if I a correct, even in Casinos.

When I first read here someone mentioning Genting, I remember going to one of their Casinos a few year back, "Genting Highlands". An interesting experience let me tell you.

Below some information about Genting and as to where it's tentacles runs out to:


"Genting Group is a Malaysian conglomerate. It comprises four listed entities (namely holding company Genting Berhad (MYX:3182) and its member companies Genting Malaysia Berhad(MYX:4715), Genting Plantations Berhad(MYX:2291), Genting Singapore Plc(SGX:G13) and Genting Hong Kong Limited(HKEX:678).

The Genting Group was founded in 1965 by the late Malaysian entrepreneur Tan Sri Lim Goh Tong. The Genting Group is headed by Tan Sri Lim Kok Thay, the Chairman and Chief Executive, who joined the group in 1976. The group has over 26 years of experience in developing, operating and marketing casinos and integrated resorts in different parts of the world, including the Americas, Australia, Malaysia, the Philippines, Singapore and United Kingdom. It has been voted Malaysia's leading corporation and one of Asia's best managed multinationals. The group's pioneer integrated resort is Resorts World Genting, formerly known as Genting Highlands Resort. The main attractions of the resort are its casino, theme park, concert shows, food & beverage and retail shopping. It is one of the most popular tourist destinations in Malaysia.





Resorts World Genting, Malaysia.
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, information technology and biotechnology. The Genting Group, via Tan Sri Lim Kok Thay is the founder of Star Cruises the third largest cruise liner company in the world and largest cruise liner in Asia. Star Cruises, which was renamed Genting Hong Kong in 2009, is listed on Singapore and Hong Kong Stock Exchange. The Genting Group currently owns about 19.9% of Genting Hong Kong.

The Group employs over 58,000 globally and possesses 4,500 hectares (11,000 acres) of prime resort land and 133,500 hectares (330,000 acres) of land for plantation. The group's combined market capitalisation amounted to US$46 billion as of 31 May 2011.[1] Genting Group has assets totalling US$16.6 billion, as at 31 December 2010.(2)"



Cheers
Buddy134