Genting Hong Kong said its Dream Cruises unit has filed for bankruptcy protection in a Bermuda court after its own petition triggered defaults on all group debt.

City of Dreams Manila has garnered a Responsible Hospitality Award listing from Forbes’ Travel Guide, beating out hundreds of global competitors to emerge as one of the three finalists.

Genting Hong Kong’s last cruise ship, World Dream, has been sold in Singapore.

The attempted sale of Genting’s former World Dream is generating little interest, according to reports, as the court had already ordered bids to be submitted by December 21st of 2022.

Walt Disney Co has acquired the still-under-construction Global Dream cruise ship from Genting. The acquisition comes after Genting HK’s Dream Cruises and the shipyard, MV Werften, ran into financial difficulties earlier this year, and the ship was put up for sale by the insolvency administrator.

The last remaining cruise ship of Genting Cruise Lines will cease operation from March 2, as a result of “mounting creditor pressure.”

Billionaire Lim Kok Thay had a vision to create a luxury cruise line for the booming Asian markets.

Genting Hong Kong CEO Lim Kok Thay bet big on Asia’s nascent cruise industry and his gamble appeared to be paying off as wealthy Asians took to the seas on the group’s luxury ships, complete with onboard casinos.

Former Genting Hong Kong Chairman and CEO Lim Kok Thay is among the interested bidders for the group’s unfinished Global Dream mega liner, but the insolvency administrator is hoping to find a better buyer.

Genting Hong Kong said the government's latest directives to restrict the spread of the Omicron variant had forced the cancellation of its cruises to nowhere, while a Royal Caribbean ship already at sea was forced to return to port due to a close contact with an infected person.