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Cruises, RWM helps reduce Genting HK loss in 1H21


Genting Hong Kong says it is expecting to record a consolidated operating loss of $280 million and a consolidated net loss of “not more than” $330 million for the first half of 2021. The announcement marks a 13 percent drop and 55 percent reduction in losses for both figures, year-on-year.

The group attributes the turnaround to a share of profit from its Travellers International Hotel Group, amounting to $25 million, and the resumption of cruises by its Explorer Dream and World Dream ships, starting last year.

The group suffered a loss of some $1.72 billion 2020, but a series of new loans and debt extensions have allowed the company to continue.

AGBrief Editorial
AGBrief Editorial
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.


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