BUSINESS ACTIVITIES

Background
Resorts World Sdn Bhd, a private company limited by shares (Co. number 58019-U), was incorporated on 7 May 1980 under the Companies Act 1965. Upon conversion into a public company in 1989, its name was changed to Resorts World Bhd (1989 - 2009), and subsequently Genting Malaysia Berhad (“Genting Malaysia”).

In 1989, Genting Berhad and Genting Malaysia underwent a restructuring exercise, which resulted in Genting Malaysia acquiring from Genting Berhad its entire gaming, hotel and resort-related operations, inclusive of goodwill and other relevant assets. GENM’s shares have been traded on the Main Market of Bursa Malaysia since its listing on 22 December 1989.

Malaysia
Genting Malaysia has been principally involved in the leisure and hospitality business covering theme parks, gaming, hotels, seaside resorts and entertainment for over 45 years. Its Genting Rewards Card loyalty programme in Malaysia has to-date garnered a following of 3.6 million members. Resorts World Genting, a premier integrated family leisure and entertainment resort sited at the peak of Genting Highlands, welcomes approximately 20 million visitations annually and is a major tourist destination of choice in Malaysia.

Resorts World Genting
 is equipped with 6 hotels, theme parks and entertainment attractions, dining and retail outlets, international shows and business convention facilities. The hotels at Resorts World Genting are Genting Grand, Maxims, Resort Hotel, Theme Park Hotel, Awana Hotel and First World Hotel – one of the world’s largest hotels. Genting Malaysia has also embarked on a 10-year master plan to reinvigorate and transform Resorts World Genting under the Genting Integrated Tourism Plan (“GITP”). This includes the development of the world’s first Twentieth Century Fox World theme park. The 1,300-room First World Hotel Tower 2 Annex will be fully opened by mid-2015. The other attractions and facilities under GITP are expected to be completed in phases from the second half of 2016.

Genting Malaysia also owns two beautiful seaside properties, namely
 Resorts World Kijal in Terengganu and Resorts World Langkawi in Langkawi. Collectively, our properties in Malaysia offer over 9,000 rooms.

International
In the United States, Genting Malaysia operates Resorts World Casino New York City
(“RWNYC”), a video gaming machine facility at Aqueduct Racetrack in New York City featuring approximately 5,000 electronic gaming machines - over 4,100 slot machines and 900 state-of-the-art electronic table games (ETGs). RWNYC achieved several milestones - its daily revenue per machine has consistently been above that of the statewide and industry averages. In addition, the resort has established itself as the leading gaming operator in the Northeast US market despite the growing regional competition. Apart from its gaming facilities, RWNYC also offers premier dining and entertainment facilities.

The Group owns a contiguous 30-acre prime freehold waterfront site overlooking Biscayne Bay in downtown Miami, Florida, United States. The site includes the Omni Center, which consists of retail space, office space and a 527-room Hilton Hotel. 

Acquired by Genting Malaysia in October 2010,
Genting UK is one of the leading casino operators in the United Kingdom with 41 operating casinos, as well as a leading innovator in the provision of high quality, customer focused gaming. Genting UK operates 6 casinos in London. Its competitive position in the UK’s capital city is formidable, led by its extensive heritage and flagship offerings which capitalise on its four prestigious brands: Crockfords, the Colony Club, Maxims Casino Club and The Palm Beach. The other 2 London casinos and 35 regional casinos in the UK provinces operate under the Genting Club and Genting Casino brands. These casinos offer memorable experiences with various slots and table games in addition to restaurants, bars and other entertainments.

In June 2011, the Group was awarded a large casino licence to develop a leisure and entertainment complex at the National Exhibition Centre (“NEC”) in Birmingham, England. The ground-breaking ceremony on 4 February 2013 officially commenced the development of Resorts World Birmingham and is scheduled to open in the second half of 2015. As the first integrated destination leisure complex in the United Kingdom, Resorts World Birmingham, which comprises a casino, hotel, spa, conference and banqueting centre, multi screen cinema, food and beverage outlets and an outlet centre, will bring a wide range of unique and exciting leisure and entertainment offerings to visitors.

The Group launched its latest addition to the Resorts World brand, Resorts World Bimini in the Bahamas on 1 July 2013. The project is a partnership with RAV Bahamas Ltd, the resort owner. Resorts World Bimini, a 750-acre beachfront resort property on North Bimini Island, contains a casino, villas, other accommodations, shopping and dining options such as restaurants and bars, resort amenities and the largest marina in the Bahamas. The Group also operates the Bimini SuperFast, a 32,000-ton cruise ship that sails between Miami and Bimini.

Others
Genting Malaysia has an equity investment of 17.8% in
Genting Hong Kong Ltd, which has core businesses in both land and sea-based businesses as such Star Cruises, Norwegian Cruise Lines1, Crystal Cruises and Resorts World Manila2.


Notes:
1. Owned and operated by NCL Holdings, held as an “available-for-sale investment” by Genting Hong Kong
2. Owned and operated by Travellers International Hotel Group Inc, an associate of Genting Hong Kong



Genting Malaysia's registered office:
24th Floor, Wisma Genting, Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia.
 

 

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