Corporate Profile
Genting Group is Malaysia's leading multinational corporation and one of Asia's best managed companies with over 40,000 employees globally, 11,000 acres of prime resort land and more than 164,000 hectares of choice plantation land. The Group is renowned for its strong management leadership, financial prudence and sound investment discipline.
Genting Group is a collective name for Genting Berhad and all of its subsidiaries and associates. The group comprises five listed companies with a combined total market capitalisation of over US$ 15 billion (as at 12 December 2006).
With its leisure and entertainment businesses ranging from land-based resorts to cruising on seas, the Group provides world-class integrated leisure and entertainment services at its best.
Genting Group is well respected for its integrity and corporate governance having been rated as the No.1 Leading Company in Malaysia for 10 years, ie in 2004 and for 9 consecutive years (1994 - 2002) by The Asian Wall Street Journal 200 (formerly Far Eastern Economic Review 200) and rated No. 1 in Malaysia and No.2 in Asia for Overall Best Managed Company for the Decade by Asiamoney.
Genting was founded in 1965 by Tan Sri Lim Goh Tong. Genting's primary asset is Genting Highlands Resort (www.genting.com.my), located about 58 kilometres from Kuala Lumpur, Malaysia. This award-winning resort is now one of world's leading integrated entertainment resorts (see History for further details).
Genting Highlands Resort has grown from a single hill top hotel with 200 rooms to a resort with six hotels offering over 10,000 rooms, 60 fun rides and over 170 dining and shopping outlets, mega shows, international business convention facilities and a myriad of exciting entertainment activities for all. First World Hotel, the resort's newest hotel was fully completed in December 2005. It is the world's largest hotel with 6,200 rooms.
Genting Highlands Resort is owned by Resorts World Bhd. In addition, Resorts World owns and manages the Awana chain of hotel resorts in Malaysia (www.awana.com.my), comprising Awana Genting Highlands Golf & Country Resort, Awana Kijal Golf, Beach & Spa Resort, Terengganu and Awana Porto Malai, Langkawi in Malaysia.
The Group via Genting International P.L.C. (www.gentinginternational.com), is a leading resort development specialist. It has global gaming expertise and experience in developing, operating and marketing internationally acclaimed resorts and integrated entertainment landmarks in Asia, the United Kingdom, Australia and the Americas.
Genting International owns and operates Maxims Casino Club (www.maximsclub.com), an exclusive high-end casino in London. It has acquired several prime properties within the vicinity of Kensington, London. It has equity interests in Stanley Leisure plc (one of UK's largest casino operators) and in London Clubs International (operator of casinos in the UK, Egypt and South Africa). On 10 September 2006, Genting International successfully took control of Stanley Leisure plc, by acquiring additional equity interest. Genting International will work closely with Stanley's senior management to pursue new gaming opportunities in the UK, grow Stanley's business and strengthen its strategic position.
Genting Group's associate, Star Cruises Limited, is the world's third largest cruise operator and Asia-Pacific's leading cruise line. Star Cruises began its operations in 1993 in Singapore and has since expanded its presence globally – operating under internationally recognised brands of Star Cruises, Norwegian Cruise Line, NCL America, Orient Lines and Cruise Ferries.
Backed by over 40 years of experience, management expertise and strong financials, the Genting Group has successfully expanded beyond leisure and hospitality operations to the activities of plantation, property, power generation, paper manufacturing, oil & gas and environmental focused ventures.
Asiatic Development Bhd (www.asiatic.com.my) is one of Malaysia's lowest cost palm oil producers and a reliable property developer of several major residential and commercial properties in Malaysia. It has recently made its presence overseas with a joint venture to develop 98,300 hectares of land into oil palm plantation in Indonesia over a 10-year period.
Genting Power (www.gentingsanyen.com) is a fast growing regional power player with interests in seven power plants in China, India and Malaysia (with a total net attributable capacity of close to 1,500MW). Its 720MW gas-fired combined cycle Kuala Langat power plant is one of the most efficient power plants in Malaysia. This plant uses Asia's first environmental friendly hybrid cooling tower that produces no visible plume.
Genting Sanyen Paper and Packaging is Malaysia's largest integrated recycled paper and packaging manufacturer. The Manufacturing division (www.gentingsanyen.com) recently expanded its operations to include new innovative breakthrough recycling technologies such as Genting Bio-Oil (which converts waste material such as oil palm empty fruit bunches into high-grade liquid bio-oil) and Rite Wood (which converts wood and plastic waste into wood plastic composites).
The Oil & Gas division via Genting Oil & Gas (www.gentingoil.com) is the only private Malaysian oil and gas production and exploration company. It has successfully ventured into oil production activities in China and is undertaking oil & gas related exploration activities in Indonesia and in Morocco.
Today, the Genting Group is engaged in the following key business activities:
The Genting Group will continue to grow from strength to strength as a leading Asian multinational corporation.