Genting Berhad is a Malaysian multinational conglomerate founded by Lim Goh Tong in 1965, best known for its casino and resort businesses. The company has expanded globally into hospitality, leisure, plantations, property, and power generation, and is listed on Bursa Malaysia.
Genting Berhad is incorporated in Malaysia by Lim Goh Tong, with the vision to develop a hilltop resort in the Genting Highlands. The initial capital is raised from family and friends. #corporate #history
The Malaysian government grants Genting the first casino license in the country, allowing the company to operate a casino at the Genting Highlands Resort. This marks a major breakthrough in the Malaysian tourism industry. #gaming #license
The Genting Highlands Resort, including the casino and hotel, officially opens to the public. Accessible by winding roads from Kuala Lumpur, it becomes a popular weekend getaway destination. #resort #opening
Genting Berhad lists its shares on the Kuala Lumpur Stock Exchange (now Bursa Malaysia), raising capital for expansion. The IPO is well-received by investors. #ipo #bursamalaysia
Genting enters the plantation sector by acquiring land and plantations in Malaysia, diversifying beyond gaming and hospitality. This move provides a hedge against economic cycles. #plantation #diversification
Genting makes its first overseas investment by acquiring a stake in a casino in the United Kingdom. This marks the beginning of international expansion. #expansion #uk
Genting establishes Genting International PLC (now Genting Singapore) as a separate entity to manage its overseas casino operations, starting with the UK and later expanding to other markets. #international #subsidiary
Genting acquires a majority stake in Star Cruises, the leading cruise line in Asia-Pacific. This expands the company's leisure and hospitality portfolio into the cruise industry. #cruise #acquisition
Genting establishes a power generation subsidiary, Genting Sanyen, building a combined-cycle gas turbine power plant in Malaysia. This marks entry into the energy sector. #energy #power
Major expansion of the Genting Highlands resort, including the addition of theme park 'Genting SkyWorlds' and new hotels, solidifying its position as a premier integrated resort. #resort #expansion
Genting faces challenges during the Asian Financial Crisis as tourism and gaming revenues decline. The company restructures debt and focuses on core businesses to weather the downturn. #crisis #restructuring
Genting launches an online gambling platform, Genting Casino, targeting international markets. This marks the company's entry into digital gaming. #onlinegambling #digital
Genting's Star Cruises subsidiary acquires Norwegian Cruise Line, creating one of the world's largest cruise operators. The deal expands global reach in the cruise industry. #cruise #acquisition
Genting restructures its operations, merging several subsidiaries into Resorts World Bhd to streamline management and focus on integrated resort developments. #restructuring #corporate
Genting enters the property development sector in Hong Kong with a mixed-use project, marking diversification into real estate. #property #diversification
Genting wins the bid to develop an integrated resort in Singapore, Resorts World Sentosa, which includes a casino, Universal Studios Singapore, and hotels. The project is a major milestone in Genting's global expansion. #singapore #resort
Genting Power expands into India and China with joint ventures in thermal and hydro power projects, strengthening its clean energy portfolio. #energy #expansion
Resorts World Sentosa officially opens in Singapore, featuring Southeast Asia's first Universal Studios theme park. The resort becomes a major tourist attraction and boosts Genting's earnings. #opening #resort
Genting's subsidiary buys a stake in the Battersea Power Station redevelopment project in London, UK, expanding its property portfolio. #property #london
Genting rebrands its Malaysian operations as Genting Malaysia Berhad, focusing on the domestic market and integrated resort management. #rebrand #corporate
Genting acquires a controlling stake in Empire Resorts, which owns the Monticello Casino and Raceway in New York, entering the US gaming market. #us #gaming
Construction of the Genting SkyWorlds outdoor theme park begins at Genting Highlands, aiming to become a major family attraction. #theme park #construction
Following the death of founder Lim Goh Tong, his son Lim Kok Thay becomes Chairman of Genting Berhad, continuing the family legacy. #leadership #chairman
Genting buys the Miami Herald building site in Florida, USA, with plans to develop a mixed-use property including a casino if regulations permit. #property #us
Genting Hong Kong (now Genting Dream) restructures its cruise operations, focusing on the Asian market with the new Genting Dream ship. #cruise #restructure
Genting breaks ground on Resorts World Las Vegas, a $4.3 billion integrated resort on the Las Vegas Strip, marking its largest single investment in the US. #lasvegas #resort
Kuala Lumpur Kepong (KLK) acquires Genting Plantations in a deal valued at RM2.7 billion, divesting Genting's plantation division. #divestiture #plantation
Genting's resorts and casinos worldwide close due to the COVID-19 pandemic, leading to significant revenue losses. The company implements cost-cutting measures and raises capital to weather the crisis. #covid19 #impact
Resorts World Las Vegas officially opens its doors, becoming the first new resort built from scratch on the Las Vegas Strip in over a decade. The opening marks Genting's major entry into the US gaming market. #lasvegas #opening
After delays due to COVID-19, Genting SkyWorlds outdoor theme park officially opens at Genting Highlands, featuring rides inspired by 20th Century Fox films. #themepark #opening
Genting reports record post-pandemic revenue as tourism and gaming rebound in Malaysia, Singapore, and the US. The company returns to profitability. #revenue #recovery
Genting announces plans to expand its UK casino operations with new venues in London and Birmingham, amid regulatory changes. #uk #expansion
Genting Berhad becomes one of the top performers on Bursa Malaysia by market capitalization, driven by strong earnings from its integrated resorts and energy businesses. #bursamalaysia #leadership