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 loyalty card programme (“Genting Rewards Card” formerly “Genting WorldCard”) in Malaysia has to-date garnered a following of 3.5 million members. Resorts World Genting, a premier integrated family leisure and entertainment resort sited at the peak of Genting Highlands, has consistently recorded approximately 20 million visitations annually in the last three years and is a major tourist destination of choice in Malaysia.

Resorts World Genting
 offers 6 hotels, 200 dining and retail outlets, mega shows, business convention facilities, fun rides and endless entertainment. The hotels at Resorts World Genting are Genting Grand, Maxims
, Theme Park Hotel, Resort Hotel, Awana Hotel and First World Hotel – one of the world’s largest hotels. 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,
Resorts World Casino New York City (“RWNYC”) marked its debut in October 2011, 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 was consistently above that of the statewide and industry averages. In addition, the resort continues to gain visibility and patronage in the competitive northeast US gaming market with more than 10 million visitations in 2012. Apart from its gaming facilities, RWNYC also offers premier dining and entertainment facilities, which include 18 dining outlets and 4 VIP/private lounges.

The Group owns a contiguous 30-acre prime freehold waterfront site overlooking Biscayne Bay in downtown Miami, Florida, USA. The site includes the Omni Center and the Miami Herald building, which consists of retail space, office space and a 527-room Hilton Hotel. Comprehensive planning for the mixed use development of
Resorts World Miami is in progress, and will feature hotel, dining, entertainment, retail and commercial facilities.

Acquired by Genting Malaysia in October 2010,
Genting UK is one of the leading casino operators in the United Kingdom and a leading innovator in the provision of high quality, customer focused gaming. Genting UK operates 6 casinos in London namely Crockfords, Maxims Casino Club, The Colony Club, The Palm Beach, London Mint and Genting Casino Chinatown (formerly Fox Poker Club); and an additional 35 regional casinos in the UK provinces under 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 mid-2015. Resorts World Birmingham will bring unique new offerings to the NEC featuring a casino, hotel, a spa, conference and banqueting centre, a multi screen cinema, a wide range of food and beverage outlets and an outlet centre.

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 and Resorts World Manila2.


Notes:
1. Owned and operated by NCL Holdings, an associate of 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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