Reference List and Appendix

-Genting malaysia berhad. (2016). Rwgentingcom. Retrieved 26 June, 2016, from http://www.rwgenting.com/

Genting malaysia berhad. (2016). Rwgentingcom. Retrieved 26 June, 2016, from https://en.wikipedia.org/wiki/Genting_Group

Genting malaysia berhad. (2016). Rwgentingcom. Retrieved 26 June, 2016, from https://en.wikipedia.org/wiki/Lim_Goh_Tong

Genting malaysia berhad. (2016). Rwgentingcom. Retrieved 26 June, 2016, from http://www.g2easia.com/Show-Info/Highlights/Past-Winners-of-G2E-Asia-Visionary-Award/Biography-of-Mr-Tan-Sri-Lim-Goh-Tong/

Genting malaysia berhad. (2016). Rwgentingcom. Retrieved 26 June, 2016, from https://gohtonglimgenting.wordpress.com/

Genting malaysia berhad. (2016). Rwgentingcom. Retrieved 26 June, 2016, from http://www.gamblingsites.org/biographies/lim-goh-tong/

Genting malaysia berhad. (2016). Rwgentingcom. Retrieved 26 June, 2016, from http://documents.mx/documents/lim-goh-tong.html

Genting malaysia berhad. (2016). Rwgentingcom. Retrieved 26 June, 2016, from http://60secondmarketer.com/blog/2010/04/09/top-52-social-media-platforms/

Genting malaysia berhad. (2016). Rwgentingcom. Retrieved 26 June, 2016, from

https://www.entrepreneur.com/article/254712

Genting malaysia berhad. (2016). Rwgentingcom. Retrieved 26 June, 2016, from https://www.entrepreneur.com/article/239538

 

Continue reading “Reference List and Appendix”

Conclusion

Genting Group is a leading multinational corporation commited to enhancing shareholder value and maintaining long-term sustainable growth in our core business. Given how Genting Group is able to enlarge and maintain its business, it is amusing how this company manage to go through all the ups and downs throughout its business life. Stated that Genting Group is now worldwide and quite well known in some other countries like Singapore, United States, United Kingdom, Hong Kong, Korea, China, Singapore and et cetera. Based on their missions, they aim to be responsive to the changing demands of their customers and excel in providing quality products and services. Also, they are committed to innovation and the adoption of the new technology to achieve competitive advantage. Besides, they generate a fair return to their shareholders and responsible as a corporate citizen, pledged to enhancing corporate governance and transparency. Lastly, they pursue personnel policies which recognise and reward performance and contributions of employees and provide training, development and opportunities for career advancement.

genting-highlands
Upper view of Genting Highlands

 

Social Media Tools or E-Business for Genting Group

google-analytics-icon
Picture of Google Analytics’ logo.

Google analytics

This social media tool helps the company to analyze how many visitors have been visited, where they are from, and how long do they stay on website and others.

Bit.ly_Logo
Picture of  Bit.ly’s logo.

Bit.ly

This tool is a URL shortener, meaning it turns a long web address to a short web address. This is because some URL shortener does not shorten all URLs and just offer an analytic and tracking service. Due to its highly usage and has a fantastic analytic, the company can see how many times a link in a tweet has been clicked and also the network they are using. Besides shortening it, this tool is able to customize a shortened URL.

buffer
Picture of Buffer’s logo.

Buffer

This tool allows the company to post or share to all social networks. The company can create a posting schedule for Twitter, Facebook, Pinterest, Linkedln and Google+ pages all in one place, which is convenient such that it saves a considerable time.

FeedlyLogo
Picture of Feedly’s picture.

Feedly

Feedly helps determine what others are saying in terms of content and identifying the key industry trends in relevant information that should shape your own social-media posts. It offers content curation and content sharing that integrates with Buffer.

brand24
Picture of Brand24’s logo

Brand24

This tool saves a lot of troubles from rumours. It delivers real-time information on what’s been said and what is going on with the company’s competition. This helps the company respond to positive and negative comments across social-media platforms effectively, thus can stay engaged with the audience as well as identifying any potential sales opportunities.

edgar-logo
Picture of Edgar’s logo.

Edgar

This tool helps the company to locate some of the essential content that many followers have missed due to overwhelm with the constant flow of information. It provides a function to categorize one post so that one can track down the content that one wants to re-post in the near future.

socialclout
Picture of SocialClout’s logo.

Social clout

An analytical tool to make marvelous improvements in engagement, campaigns and keywords. It delivers reports on demographic and social-media results. All of these reports provide data on multiple social-media accounts to track the progress and be able to identify the differences in responses across platforms.

Sendible_Logo
Picture of Sendible’s logo.

Sendiblle

A very useful social media-tool that combines all aspects of social-media management responsibilities. It pulls all posts and comments into one dashboard for analysis, measurement and engagement. Besides, it includes other functions like publishing, collaboration, customer relationship management and mobile tools.

EBay_logo.svg
Picture of Ebay’s logo.

EBAY

It is a subsidiary company that provide online marketplaces for the sales of goods and services, online communications and payments and online offerings or bidding to buyer and seller around the world.

120831090627-wolfram-alpha-facebook-tool-story-top
Picture of Wolfram Alpha Facebook Report’s logo.

Wolfram Alpha Facebook Report

This tool is useful for those who drive their business page through their personal profile. It is so detailed that it displayed a relationship status graph. This helps the company to identify in which field they should improve or avoid by both internal factors and external factors.

 

tweriod
Picture of Tweriod’s logo.

Tweriod

This tool measures the effectiveness of posts according to level of engagement, detailing hours and days when engagement reaches at it limits. Every business needs to use Tweriod when planning their content-marketing strategy.

External Environments that affects Genting Group

One of the External Environment that affects Genting Group is the Demographic Component. First of all, Genting Highlands is a place which is suitable for all ages. The reason for why I say so is because the presence of Indoor and also Outdoor Theme Park which is suitable for kids and teenagers to play and enjoy. For all the indoor and outdoor activities, there is an age limit, therefore it is advisable if parents could follow kids. Furthermore, the adults can also spend their time at the casino when their kids are having fun at the theme park. Genting is famous for their legal casino which consists all the facilities  and also fully equipped with new tables and different types of ways to gamble. For those who dont like gambling or having fun at the theme park, there is also alot of shops and also restaurants for them to shop at the First World Plaza.

theme park level 2
Upper View of Outdoor Theme Park of Level 2
theme park
Outdoor Theme Park’s ride
genting indoor
First World Plaza, Indoor Theme Park
genting casino.jpg
This is the Casino in Genting

Moreover, i think another External Environment is the technological component, which is the arcades which is located in First World Plaza and also the walkway near to the Genting Grand Hotel. The Arcade centre which requires alot of technology and also innovation of each individual that makes this place interesting. Next, the reopening of Genting’s Outdoor Theme Park in year 2016, with he theme of  Fox World. This is also an industrial innovation to compete with other Theme Parks in other countries.

arcade
Arcade Near Genting Grand Hotel
arcade 2
Arcade at FIrst World Plaza
genting 2016
Reopening of Outdoor Theme Park in year 2016.

In a nutshell, The two external environments that affect Genting Group is the Demographic component and also the Technological Component.

About the Founder- Tan Sri Lim Goh Tong

 

Lim-Goh-Tong
Tan Sri Lim Goh Tong

Brief history about the Founder

Genting company Berhad was founded by the Tan Sri Lim Goh Tong (28 February 1918 – 23 October 2007) in year 1965 was a prominent wealthy Malaysian Chinese businessman. He was renowned for his vision and courage in transforming Genting Highlands from an unexplored hilltop into one of the world’s most successful casino resorts. He was once the richest man in Malaysia with a net worth of US$4.2billion[1]. He was renowned for his vision in transforming Genting Highlands from an unexplored hilltop into one of the world’s most successful casino resorts . The history of Tan Sri Lim Goh Tong . Not only that , Lim goh tong was born into unhealthy environment in a village. In that time ,China was in a period of turmoil after 1911 revolution . but he grew up peacefully and had the opportunity of studying in school . Lim was forced to leave school and he and his elder brother had to take over the heavy burden of feeding his family . After that ,Lim decided to go Malaysia in order to take the plunge in venturing. He is following his cousin ,Lim Kheng Ching ‘s footstep . He worked for his uncle and learning the Malay language in meantime .After gaining experience he went on to become a building sub-contractor and completed his first job of building a two-storey school. Born in 1918 in Anxi, a mountainous county in southeastern Fujian province, China, Lim Goh Tong was the fifth child in his family.. He has an elder brother (Jing Ya), three elder sisters (Lim Zhuang, Lim Bau and Lim See), a younger sister (Lim Mei) and a younger brother (Jing Kun). Lim was born into a rustic environment in a village, during that time, China was in a period of turmoil and unrest after the 1911 revolution, but life was relatively sheltered for Lim in the village. He grew up peacefully and had the opportunity of studying in school. However, disaster struck and his father died when he was 16. Lim was forced to leave school and he and his elder brother had to take over the heavy burden of feeding his family.[2]As China’s situation was becoming worse, Lim Goh Tong decided to take the plunge in venturing out to Malaysia (known as Malaya at that time) following his cousin, Lim Kheng Chong’s footstep. He left China through Xiamen in early February 1937 at the age of 19. He worked for his uncle as a carpenter in the first two years, learning the Malay language in the meantime. After gaining experience he went on to become a building sub-contractor and completed his first job of building a two-storey school. He returned to Anxi in 1940, but went back to Malaya the next year amidst a deteriorating war environment.[2]

History of the Founder’s career 

The Japanese invaded Malaya in 1942 and caused Lim to have a few near-death experiences. During the early Japanese Occupation, he earned a living as a vegetable farmer, but decided to switch to petty trading for a better living. Later on Lim ventured into scrap-metal and hardware trading. When the Japanese Occupation ended, there was an urgent demand for heavy machinery for resumed operations in mines and rubber plantations. Lim seized the opportunity and engaged in second-hand machinery trading, making his first fortune.[3] From used machinery trading, Lim strayed into iron mining, joining as a partner in an iron mining company which couldn’t settle the outstanding payment of two bulldozers with him. This proved to be a successful venture, and he later went on to form a joint-venture company which was one of the first Chinese tin companies to utilise dredges.[4] While dealing in heavy machinery, Lim accumulated a wide range of reconditioned machines as well as a substantial amount of cash to move into construction and related industries. In the name of his family construction company, Kien Huat Private Limited, Lim began taking on several contracting jobs with help and guidance from his uncles. Kien Huat won accolades and became recognised as one of the leading construction companies, building the Ayer Itam Dam[5] and the Kemubu Irrigation Scheme.[6]

History about the Founder and Genting Group

Genting Group’s involvement in the property sector can be traced from the initial primary objective of holding land-based assets for long term appreciation and development potential to the current strategic move to develop and market the Group’s landed properties mainly held in the plantation subsidiary, by Asiatic Land Development Sdn Bhd, a wholly owned subsidiary of Asiatic Development Berhad – which is 54.8% owned by Genting Berhad.

The Genting Highlands Theme Park

The idea of building a hilltop resort was first conceived when Lim Goh Tong was having a dinner in the Cameron Highlands. As he was enjoying the soothing cool breeze of the Cameron Highlands, an idea struck him that as the standard of living rose steadily in Malaysia, more and more people would visit mountain resorts for relaxation and recreation, but Cameron Highlands was too far away from the capital city Kuala Lumpur, therefore building a mountain resort nearer to Kuala Lumpur would have great business potential.[7]

After doing some research, Lim found Gunung (mountain in Malay) Ulu Kali at a place called Genting Sempah to be an ideal location for his plan. He formed an expedition and explored the place, collecting a wealth of data on the topography, drainage, soil conditions and other relevant aspects of the region, this proved to be very useful in drawing up plans for developing the resort.[7]

Upon conceiving this idea, many naysayers were sceptical of Lim turning a wilderness into a tourist resort. Most thought it was really risky and reckoned Lim who was financially comfortable to be foolish to invest heavily in money and time to develop Genting, but Lim brushed off all these negativities and went ahead firmly with his plan.[7]

After getting approvals from the Federal and State governments, Lim began the project in the face of a colossal task. Among the problems were building the access road towards the hilltop, water and electricity supplies, sewerage system and fire safety. Lim managed to build the access road towards the summit in three years when it was estimated to take fifteen years. Several sources of water in the mountain were identified, water supply was secured by building water-collection stations and water filtration plants with treated water stored in reservoirs. Electricity is supplied through a central electricity generation system with 12 big generators.[7][8]

During the construction, Lim survived six close brushes with death. Meanwhile, Lim had to administer another major project in Kelantan, the Kemubu Irrigation Scheme at the same time. This stretched his physical endurance to the limits as he had to shuttle between Kuala Lumpur and Kelantan and he worked seven days a week.[7]

During the Genting project, Lim spent all he had without earning any income. He sold an 810-hectare rubber estate to raise RM2.5 million. In addition, he invested all the money he had made from iron mining, sub-contracting and hardware businesses. The project was a heavy drain on Lim’s finances. When asked to invest in this project, Lim’s friends turned him down and counselled him to drop the entire scheme instead.[7]

Genting was granted the only casino licence after Tunku Abdul Rahman, then prime minister of Malaysia, visited Genting Highlands and commended Lim’s effort to develop a resort contributing to Malaysia’s tourism industry without government help.[7]

Lim managed to obtain a pioneer status for Genting Highlands and tax incentives despite its resort development not qualifying for it. He did so by convincing the government that tax incentives in the early stage of development of Genting Highlands were not only vital for them but also profitable to the government later on.[7]

The whole Genting project was completed in January 1971, but prior to officially commencing business, Kuala Lumpur and its surrounding areas were hit by the worst rainstorms in a century, the road to Genting was closed by landslides at 180 locations, the damaged sections took four months to repair. Genting opened its door for business on 8 May 1971.[7]

In the next 30 years, Lim continued to develop and expand Genting Highlands beyond its original idea of a hotel with basic tourist facilities. Among the projects were the construction of more hotels, indoor and outdoor theme parks, and a convention centre. A new road was built to shorten the journey to Genting from the northern states, and RM920 million was invested to widen a 10 km stretch of the access road to reduce congestion. Another RM928 million was spent on constructing a cable car system to provide visitors with an alternative mode of transportation.[8]

In 1993, at the suggestion of Tun Mahathir, the prime minister of Malaysia then, a township was developed on an 81-hectare piece of land around the site of the Genting Skyway cable car station. It was named Gohtong Jaya after Lim as a token of remembrance for his efforts in the development of Genting Highlands.[8][9]

As of now, Genting Highlands is one of the most successful Casino resorts in the world and is one of the primary tourist attractions in Malaysia. Lim’s company, Genting Groupoperates Genting Highlands and has diversified into many other industries such as plantations, property, paper, power generation, oil and gas exploration and cruise boat industries. In the process new company brands were created that have become distinctive names in their respective fields, namely Asiatic, Genting Sanyen (paper manufacturing) and Star Cruises.[10]

On 31 December 2003, Lim handed his chairmanship of Genting Group over to his son, Tan Sri Lim Kok Thay.[11]

Contributions and Daily Activities of the Founder
a) Investor Relation
Genting Malaysia Berhad (“Genting Malaysia”) is currently listed on the Main Market of
the Bursa Malaysia Securities Berhad (Bloomberg: GENM MK; Reuters: GENM KL; Bursa
Malaysia: GENM 4715). Genting Malaysia is one of the largest listed companies in Malaysia
with a market capitalisation of about RM23 billion (US$7 billion) as at 31 December 2011.

The authorised share capital of Genting Malaysia was RM800 million (comprising 8,000

million shares of RM0.10 each) and the issued and paid-up share capital of Genting Malaysiawas RM592.4 million (comprising 5,924 million ordinary shares) as at 31 December 2011.Genting Malaysia is a member company of the Genting Group, one of Asia’s leading and best managed multinationals. The Genting Group is the collective name for Genting Berhad and its subsidiaries and associates.
b)Sustainable Development
Sustainable Development means going beyond mere acts of charity or surface-level
Corporate Social Responsibility events. It is an intrinsic and invaluable element that has
been very much embedded into values and business strategies and forms a core essential of Genting corporate DNA. As a global leader in the leisure and hospitality industry, sustainable development is imperative and defines how to operate as a multinational global corporation. Operations in Malaysia, the United Kingdom or the United States of America, at the heart of sustainability strategy is the goal of achieving sustainability in achievements from providing responsible world-class entertainment, products and services, to the well-being of the employees, environmental awareness and conservation and the development of the communities that is served. In order to remain financially viable and operationally sustainable, Genting Berhad, have centred sustainable development policies on four basic pillarsEnvironment,Marketplace, Workplace and Community. This framework structures are commitment to conduct the business operations in asustainable and responsible manner while fulfilling the core responsibilities towards all stakeholders and creating a balance between Economic Sustainability, Environmental Sustainability and Community Sustainability.
Corporate Social Responsibility.In line with the Group’s core corporate values and principles, Genting Singapore remains committed to contributing to community activities that aim to improve lives and to protect the environment in which we live. Throughout 2009, the Group participated in a number of initiatives related to environmental
sustainability, charitable causes and good employment practices, investing the necessary time and resources to these endeavours.

bgebgc

c) Care for Environment

Environment care is one of Genting Group’s key sustainability interests. They attempt to
achieve a sustainable balance between development and conservation. The project
developments and operations are carefully planned and designed to minimise and protect the impact on the ecosystem. Various eco-friendly initiatives have been implemented by the teams to focus on the environmental issues and challenges. They advocate and encourage the 3R (Reduce, Reuse and Recycle) strategy among the employees. For example, Genting Malaysia’s team at Resorts World Genting has an Environmental,
Health & Safety (“EHS”) Committee dedicated to ensure that its teams comply with all
applicable environmental legislations (ISO 14001), other requirements and take proactive
steps to reduce environmental pollution and conserve energy, water consumption and waste generation.

d) Energy Efficiency:

Several protection and efficiency improvement processes were implemented. These included replacing conventional lights with longer-life and energy saving lights, replacement of metal halide spotlights with induction lamps and replacement of reciprocating compressors for aging chillers with scroll / screw compressors.
All pump house diesel engines at Resorts World Genting have been replaced with electrical

motors, reducing diesel consumption to approximately 2.4 million litres per year. Its Waste Management procedures ensure that wastes are properly identified, segregated, handled, transported and disposed of in line with the environmental policy, legal and other requirements. Waste management processes are regularly audited by the EHS Committee toensure compliance with set standards.Genting Malaysia has embarked on a year-long ‘green’ initiative by planting about 3,000 trees in and around Resorts World Genting in Genting Highlands. A Birds & Flora Photography Competition was held at the resort in March and April 2011 to create awarenessand promote the beauty of the natural surrounds of Resorts World Genting. Situated on a hilltop at 2,000 metres above sea level, Resorts World Genting is the onlyintegrated resort surrounded by a rare 130 million-year-old rainforest. To date, only 4% of itstotal land bank is developed. The rest remains unspoiled virgin rainforest and is home to 30% of the 745 bird species in Malaysia, some of the oldest trees and plants, exotic insects and rare flora and fauna. The winning photographs were published in Resorts World Genting’s coffee table book entitled ‘Nature’s Footprint’ which was launched by the Minister of Natural Resources and 

Environment, Dato’ Sri Douglas Uggah Embas.

Genting UK has held the Carbon Trust Standard throughout 2010 and 2011 and continues
to maintain a strong focus on its environmental responsibilities. Genting UK has benefited
from the cost savings derived from the energy conservation initiatives that it had introduced and is committed to retaining the Carbon Trust Standard in 2012.
Genting Singapore advocates environmental programmes that focused on research,
education and conservation. The Marine Life Park at Resorts World Sentosa, Singapore
targeted the marine education, conservation and research. The team from Resorts World
Sentosa participated in the Philippine-based veterinary training workshop, specialising in
treatment techniques for stranded marine mammals. The team contributed a portable inflation pool to the Philippine Marine Mammal Stranding Network which works directly with theBureau of Fisheries and Aquatic Resources on marine mammal rescue and rehabilitation.
Meanwhile, Genting Plantations has also supported on Sustainable Palm Oil since its
establishment in 2004 to promote the growth and use of sustainable palm oil. Its plantations team is also working to adopt the standards under the recently established Indonesian Sustainable Palm Oil Scheme. The plantation team adopts management strategies to ensure that agricultural practices and operations do not adversely affect the environment and biodiversity within and surrounding the estates. Regular security patrols and signboards prohibiting illegal hunting, stealing and chopping of trees were installed at high conservation value areas and estate entrances to prevent violation by outsiders.

Volunteerism among Employees
Genting Group encourages volunteerism among employees. The “We Care” teams in
Resorts World Genting and the Awana resorts, the “aRWSome Volunteers Corp” in
Resorts World Sentosa and many other employees have actively volunteered despite their
work schedule to support the community initiatives by our Group.
The team have voluntarily organized:
Gotong- Royong
Repair building of charity Homes
Delivering Food Supplies
Providing free tuition to children
Cooking for underprivileged
Motivational talks for children
Clean the beachfront and Cemetery.
Deliver school bags, shoes and bicycle to school children.
Group Centralised Procurement (GCP)
GCP provides procurement services for the following companies within the Genting Group:
Genting Berhad
19
Genting Malaysia Berhad and its Group of Companies
eGenting and its Group of Companies
GCP is a unit of Genting Malaysia Berhad and is implementing eSourcing as part of its
procurement services to the Group.
Requests for Quotation/Proposal/Information will be conducted online. Only online
registered suppliers will be invited to undergo the selection process.
Upon registration, the applied supplier’s business information will be made available to GCP
and its buyers to understand the nature and scope of the goods/services you can offer. Such
information will be used to evaluate the suitability of the company and the supplier will be
contacted when a sourcing opportunity arises that matches the company’s capabilities

Achievement and Awards

Lim had won many awards together with his company Genting Group for his entrepreneurship and his contribution, among them were:

Malaysian Entrepreneurs Award 1985

Manager of the Year Award 1986

Business Achiever of the Year Award 1994

Number 1 ranking of 10 Malaysian Leading Companies 1996

The Best Employer Award 1996

He was conferred the title “Tan Sri” by the government of Malaysia on 6 June 1979 in recognition to the contribution he has made to the country.

In 1978 Lim set up Yayasan Lim, a family foundation that donates regularly to educational and medical institutions, old folk’s homes, various organizations for the physically handicapped and other charitable causes.

2008 G2E Asia Visionary Award
Death of Founder

Lim Goh Tong died on 23 October 2007, at Subang Jaya Medical Centre (SJMC) in Subang Jaya. He is survived by his wife Puan Sri Lee Kim Hua, and their six children and 19 grandchildren.[16] His body was buried at Gohtong Memorial Park at Gohtong Jaya on Monday 29 October 2007.

  • The Black Eyed Peas who were performing on the night of 26 October in Genting Arena of Stars paid tribute to Lim Goh Tong during their concert. “A man died recently who was responsible for the place where we are today. I’d like to ask for a moment of silence to honour his life and legacy,” will.i.am said in his tribute.

More than 20,000 people, including royalty, Asia’s rich and famous, politicians, friends, business allies and members of the public paid tribute to Goh Tong in their own ways. They either attended the wake, sent wreaths or penned messages of sympathy.

Among those who paid their respect to Lim were

More than 1000 wreaths received from all over the world are being displayed 300m along the entrance of Gohtong Villa. Among the many Corporate entities sent wreaths and condolences included Las Vegas Caesars Palace, Sociedade de Turismo e Diversões de Macau, Stanley Ho, and the Government of Fujian province where Lim was born. Asia’s second richest man, Li Ka Shing (He is now first), sent a personal condolence note to the bereaved family, offering words that perhaps best captured the essence of who Goh Tong was.

Background Of Genting Group

Genting-Berhad.jpg

Background   

Resorts World Sdn Bhd, a private company limited by shares, 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”) (Co. number 58019-U).

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.

Genting Berhad is the investment holding and management company of Genting Group. Genting Group was founded by the late Tan Sri (Dr.) Lim Goh Tong in 1965 when he began the initial development works of building a 20-kilometre private access road, across tough mountainous terrains from the foothills to the summit of Mount Ulu Kali, located at 2,000 metres above sea level.

The company was incorporated under the Companies Act 1965 on 30 July 1968 under the original name of Genting Highlands Hotel Sdn Bhd to operate a hotel and casino, and to develop an integrated tourist complex in Genting Highlands, Malaysia. Genting’s company registration number is 7916-A. The company changed its name to Genting Highlands Hotel Berhad upon its its conversion into a public company on 24 July 1970. It assumed its present name of Genting Berhad on 9 June 1978.

Genting Berhad is 39.8% owned by Kien Huat Realty Sdn Bhd, a private company controlled by the late Tan Sri (Dr.) Lim Goh Tong’s family.

Genting Group via Genting Berhad became involved in palm oil production in 1980 with the acquisition of The Rubber Trust Group, comprising three Hong Kong plantation companies which owned approximately 13,660 hectares of plantation land in Peninsular Malaysia. This division under listed entity Genting Plantations Berhad now has about 240,000 hectares of land in Malaysia and Indonesia. It is one of the leading and lowest cost palm oil producers in Malaysia.

The shares of Genting Berhad were listed on the Main Market of Bursa Malaysia Securities Berhad in 1971. A restructuring exercise was undertaken in 1989, which involved the initial public offering and listing of Genting Malaysia Berhad on Bursa Securities and resulted in Genting Berhad’s becoming an investment and management company.

Genting Group via Genting Berhad became involved in the electricity power generation and supply and the paper manufacturing businesses in 1994, with the acquisition of Genting International Paper Holdings Limited, and in the exploration and production of oil and gas in 1996 under Genting Oil & Gas Limited. In July 2007, the Group divested its paper and packaging business to focus on its core businesses.

 

genting msia
Genting Theme Park in Malaysia

 

genting 2016
Genting Theme Park in Malaysia, expected to be in year 2016.

Malaysia    

Genting Malaysia has been principally involved in the leisure and hospitality business covering theme parks, gaming, hotels, seaside resorts and entertainment for over 50 years. Its Genting Rewards Card Loyalty Programme in Malaysia has to-date garnered a following of 3.7 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 – World’s Largest Hotel, as recognised by Guinness World Records. 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. Its first offering, the new First World Hotel Tower 3, was fully opened in June 2015. Other GITP attractions and facilities are expected to be opened in stages 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 10,000 rooms.

International
In the United States, Genting Malaysia operates Resorts World Casino New York City
(“RWNYC”), the first and only video gaming machine facility in New York City, at the site of Aqueduct Racetrack. RWNYC is a leading entertainment hub providing approximately 5,500 electronic gaming machines. In addition to its gaming facilities, RWNYC is also renowned for its premier dining and entertainment offerings. RWNYC has achieved several milestones – its daily revenue per machine has consistently been above that of the statewide and industry averages. It has also established itself as the leading gaming operator in the Northeast US market despite intense regional competition.

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.

resorts-world-new-york-entrance
Genting- Resorts World in New York City.


Acquired by Genting Malaysia in October 2010,
Genting UK is one of the leading casino operators in the United Kingdom with 43 operating casinos. Genting UK operates 6 casinos in London, including four of the most prestigious brands in the capital city, namely Crockfords, the Colony Club, Maxims Casino Club and The Palm Beach. The remaining casinos are located in the UK provinces. These casinos offer memorable experiences with various slots and table games in addition to restaurants, bars and other entertainments. Resorts World Birmingham, the Group’s latest property, was opened in October 2015. As the first integrated leisure complex in the UK, Resorts World Birmingham, which comprises a Genting International casino, a 178-room four-star Genting Hotel, spa and conference facilities, a multi-screen cinema, food and beverage outlets and an outlet centre, will bring a myriad of unique and exciting leisure and entertainment offerings to its visitors. The Group also secured the naming rights of the second largest concert arena in the UK in early 2015 – the arena was renamed Genting Arena.

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Genting in UK.


Others
Genting Malaysia has an equity investment of 16.9%
Genting Hong Kong Ltd, which has core businesses in both land and sea-based businesses comprising Star Cruises, Dream Cruises, Crystal Cruises, German shipyard – Lloyd Werft Group, prominent nightlife brand – Zouk and Resorts World Manila1.

genting-hong-kong-casino-cruise
Genting In Hong Kong.

Continue reading “Background Of Genting Group”