• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 30 March 2023
    IAG
    Advertisement
    • Newsfeed
    • Mag Articles
    • Video
    • Opinion
    • Tags
    • Regional
      • Africa
      • Australia
      • Cambodia
      • China
      • CNMI
      • Europe
      • Hong Kong
      • India
      • Japan
      • Laos
      • Latin America
      • Malaysia
      • Macau
      • Nepal
      • New Zealand
      • North America
      • North Korea
      • Philippines
      • Russia
      • Singapore
      • South Korea
      • Sri Lanka
      • Thailand
      • Vietnam
    • Events
    • Consulting
    • Contributors
    • SUBSCRIBE FREE
    No Result
    View All Result
    IAG
    • Newsfeed
    • Mag Articles
    • Video
    • Opinion
    • Tags
    • Regional
      • Africa
      • Australia
      • Cambodia
      • China
      • CNMI
      • Europe
      • Hong Kong
      • India
      • Japan
      • Laos
      • Latin America
      • Malaysia
      • Macau
      • Nepal
      • New Zealand
      • North America
      • North Korea
      • Philippines
      • Russia
      • Singapore
      • South Korea
      • Sri Lanka
      • Thailand
      • Vietnam
    • Events
    • Consulting
    • Contributors
    • SUBSCRIBE FREE
    No Result
    View All Result
    IAG
    No Result
    View All Result

    Former Dream Cruises ship World Dream sold to new Saudi-backed cruise line for US$330 million

    Newsdesk by Newsdesk
    Sun 5 Mar 2023 at 09:22
    Genting launches first cruise out of Singapore since COVID-19
    76
    SHARES
    1.9k
    VIEWS
    Print Friendly, PDF & Email

    One of collapsed cruise ship operator Genting Hong Kong’s flagship Asia-based cruise ships has been sold by liquidators in Singapore for US$330 million.

    World Dream, launched in 2017 to serve the Asian market and with capacity for 5,000 passengers, was snapped up in late February by Cruise Saudi – a relative newcomer to the global cruising industry and financially backed by Saudi Arabia’s Public Investment Fund. The ship, already renamed Manara, will now undergo a refit, Cruise Saudi confirmed.

    World Dream, which had previously sailed under the Dream Cruises brand, was originally listed for auction in December following the collapse of Genting Hong Kong earlier in the year. With debts of almost US$3 billion, many of Genting Hong Kong’s assets have already been sold off including two ships in the Caribbean under its old Crystal Cruises brand to new owners and others under the Star Cruises brand for scrap.

    Disney Cruise Line also confirmed recently the purchase of Global Dream – an unfinished 9,000 capacity ship that was being built by Genting Hong Kong at its Germany shipyards prior to its collapse.

    Genting Hong Kong’s joint provisional liquidators are expected to confirm the sale of the company’s stake in Travellers International Hotel Group – operator of Manila’s Newport World Resorts – in the coming months.

    However, none of this has stopped the majority owner of Genting Hong Kong, Genting Group Chairman and CEO Lim Kok Thay, from maintaining an interest in the cruise biz.

    Having since launched a brand new cruise line called Resorts World Cruises (RWC), Lim revealed in January plans to start sailings out of Hong Kong using one of Genting Hong Kong’s former cruise ships, Explorer Dream, since rebranded as Resorts World One.

    This is the second ship previously operated by Genting Hong Kong to have been leased back by RWC, with Genting Dream having begun sailings from Singapore and Malaysia in June 2022.

    RelatedPosts

    We’re Back!

    Singapore Tourism Board agrees one year extension to start of US$3.3 billion MBS expansion project until April 2024

    Fri 24 Mar 2023 at 05:03
    NCPG survey finds Singapore gambling rates, spend trending down

    Singapore gambling regulator flags crackdown on cryptocurrencies in online gaming space, complete ban for land-based casinos

    Mon 13 Mar 2023 at 06:47
    Resorts World Sentosa partners with LIV Golf for maiden Singapore event

    Resorts World Sentosa partners with LIV Golf for maiden Singapore event

    Fri 10 Mar 2023 at 04:48
    Low-cost Singapore airline Scoot to triple China flights by April

    Low-cost Singapore airline Scoot to triple China flights by April

    Thu 23 Feb 2023 at 04:23
    Load More
    Tags: cruise shipDream CruisesGenting Hong KongSingaporeWorld Dream
    Share30Share5
    Newsdesk

    Newsdesk

    The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

    Current Issue

    Editorial: Thailand must learn from Japan’s IR mistakes

    Editorial: Thailand must learn from Japan’s IR mistakes

    by Ben Blaschke
    Thu 30 Mar 2023 at 19:02

    If the murmurings emanating from the nation’s parliament are to be believed, Thailand could well be on the verge of...

    Back With a Bang

    Back With a Bang

    by Ben Blaschke
    Thu 30 Mar 2023 at 18:37

    After three years spent printing massive losses, Macau’s gaming concessionaires are finally profitable again, with the opening of borders in...

    Labor Pains

    Labor Pains

    by Ryan Hong-Wai Ho
    Thu 30 Mar 2023 at 16:35

    Ryan Hong-Wai Ho, lecturer at the Centre for Gaming and Tourism Studies at Macao Polytechnic University, takes a look at...

    Early Mover

    Early Mover

    by Ben Blaschke
    Thu 30 Mar 2023 at 16:06

    Hann Casino Resort in Clark, Philippines, announced in late March the appointment of highly respected industry veteran Dennis Andreaci as...

    Softswiss
    Evolution Asia
    Aristocrat
    Solaire
    Solaire
    Beter

    Related Posts

    Sands China’s Dr Wilfred Wong sees benefit in introducing Digital RMB to Macau casinos

    Sands China’s Dr Wilfred Wong sees benefit in introducing Digital RMB to Macau casinos

    by Pierce Chan
    Thu 30 Mar 2023 at 17:29

    Sands China President and Executive Director Wilfred Wong said Thursday that the potential use of a digital RMB on Macau gaming floors would prove a positive for the industry by eliminating the need to exchange cash. The issue was raised...

    Philippines casino GGR up 630% quarter-on-quarter in 3Q20

    PAGCOR confirms POGOs here to stay with search for new third-party auditor underway

    by Ben Blaschke
    Thu 30 Mar 2023 at 14:24

    Philippines gaming regulator PAGCOR has again resisted calls to shut down the country’s POGO (Philippine Offshore Gaming Operators) industry, revealing instead that it is looking for a new third-party auditor to ensure licensed operators are paying their fees and taxes....

    Number of hotels closed for casino hiatus reaches 23 as Macau goes dark

    MGM China says 2022 loss reached US$666 million, no final dividend to be paid

    by Newsdesk
    Thu 30 Mar 2023 at 06:13

    MGM China reported overnight a group-wide loss of HK$5.23 billion (US$666 million) in 2022, widened from its HK$3.85 billion (US$490 million) loss in 2021 due to the ongoing impact of the COVID-19 pandemic. Publishing its FY22 financial results, MGM China...

    Suncity Group claims majority 69.66% stake in Summit Ascent Holdings

    Summit Ascent may seek local partners to operate Russian casino Tigre de Cristal

    by Ben Blaschke
    Thu 30 Mar 2023 at 05:46

    Hong Kong-listed Summit Ascent Holdings said overnight that it may consider seeking “strategic local partners” to operate its Russian integrated resort, Tigre de Cristal, as a result of challenges brought about by the ongoing war in Ukraine. The update, which...

    IAG

    © 2005-2023
    Inside Asian Gaming.
    All rights reserved.

    • SUBSCRIBE FREE
    • NEWSFEED
    • MAG ARTICLES
    • VIDEO
    • OPINION
    • TAGS
    • REGIONAL
    • EVENTS
    • CONSULTING
    • CONTRIBUTORS
    • MAGAZINES
    • ABOUT
    • CONTACT
    • ADVERTISE

    No Result
    View All Result
    • Subscribe
    • Newsfeed
    • Mag Articles
    • Video
    • Opinion
    • Tags
    • Regional
    • Events
    • Contributors
    • Consulting
    • Magazines
    • Advertise
    • Contact
    • About

    © 2005-2023
    Inside Asian Gaming.
    All rights reserved.

    • English