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Genting Group Background

Resorts World Sdn Bhd was incorporated in 1980 in Malaysia and owns and operates integrated resorts and leisure properties in Malaysia, the United States, and the United Kingdom. Its most prominent property is Resorts World Genting, an integrated resort in Malaysia that attracts over 19 million visitors annually and includes hotels, theme parks, shopping, dining, and entertainment venues. In recent years, the company has also acquired properties in Miami and New York City to expand its international portfolio, including developing a mixed-use project called Resorts World Miami. It owns casino businesses in the UK under the Genting UK brand, operating casinos throughout the country.

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100% found this document useful (1 vote)
991 views2 pages

Genting Group Background

Resorts World Sdn Bhd was incorporated in 1980 in Malaysia and owns and operates integrated resorts and leisure properties in Malaysia, the United States, and the United Kingdom. Its most prominent property is Resorts World Genting, an integrated resort in Malaysia that attracts over 19 million visitors annually and includes hotels, theme parks, shopping, dining, and entertainment venues. In recent years, the company has also acquired properties in Miami and New York City to expand its international portfolio, including developing a mixed-use project called Resorts World Miami. It owns casino businesses in the UK under the Genting UK brand, operating casinos throughout the country.

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Judith Edwin
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We take content rights seriously. If you suspect this is your content, claim it here.
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Background Resorts World Sdn Bhd, a private company limited by shares (registration 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. The shares of Genting Malaysia have been listed on the Main Market of Bursa Malaysia since 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 WorldCard) has to-date garnered a following of over 3.3 million members from its operations in Malaysia alone. The jewel in its crown is Resorts World Genting, a premier integrated family leisure and entertainment resort at the peak of Genting Highlands that attracted over 19 million visitors annually in the last five years. Branded as Resorts World Genting, the resort offers five hotels with more than 8,000 rooms, over 50 fun rides, over 200 dining and retail outlets, mega shows, business convention facilities and endless entertainment - all at one location. The hotels at the Resort are Maxims Genting, Highlands Hotel, Theme Park Hotel, Resort Hotel and First World Hotel one of the worlds largest hotel with 6,118 rooms. Genting Malaysia owns and operates the Awana Genting Highlands Golf & Country Resort, which is located within close vicinity to Resorts World Genting. The Awana Hotels & Resorts chain also includes two beautiful seaside properties namely Awana Kijal Golf, Beach & Spa Resort in Terengganu and Awana Porto Malai in Langkawi. Collectively, the properties in Malaysia offer a total of approximately 10,000 rooms. International In the United States, Resorts World Casino New York City (RWNYC) marked its debut in October 2011, featuring 2,485 Video Lottery Terminals (VLTs) and Electronic Table Games (ETGs). In December 2011, RWNYC flipped the switch on 2,515 additional VLTs and ETGs with the opening of the Fifth Avenue Casino and Crockfords Casino on the second floor, alongside upscale signature dining options and live entertainment. The 130,000 square feet Central Park Events Center also opened, offering an exciting new venue in the city for a multitude of events. RWNYC and its new amenities provide a total of 6,400 parking spaces and are accessible by public transportation. In May 2011, Bayfront 2011 Property LLC, a wholly-owned indirect subsidiary of Genting Malaysia Berhad, purchased about 13.9 acres of prime freehold waterfront property in downtown Miami for US$236 million. Resorts World Miami, as the mixed-use development will be called, will include hotel, convention, entertainment, restaurant, retail, residential and commercial facilities. A comprehensive plan for Resorts World Miami was unveiled in September 2011. The Group also secured ownership of a prime freehold property called the Omni Center. The Omni Center, located in downtown Miami Florida, USA, includes 650,000 square feet of shopping mall space, 350,000 square feet of office space, a 525-room Hilton Hotel and 2,300-space parking garage. The Omni Center is sited adjacent to the Miami Herald property purchased earlier in May 2011. Including the

acquisition of other properties, the Group has assembled a contiguous 30-acre prime freehold waterfront site in the heart of the City of Miami, overlooking Biscayne Bay. In October 2010, Genting Malaysia completed its acquisition of casino businesses in the United Kingdom (Genting UK) from Genting Singapore PLC. Genting UK is the largest casino operator in the UK and a leading innovator in the provision of high quality, customer focused gaming. Genting UK operates 5 casinos under renowned brands which includes Crockfords, Maxims Casino Club, The Colony Club, The Palm Beach and London Mint, as well as a Poker Club in London; and a further 39 casinos located within the UK provinces under 3 key brands, namely Circus, Maxims and Mint. These casinos offer visitors a memorable experience with its various slots and table games in addition to restaurants, bars and other entertainments. The opening of Genting Club Riverlights, Derby in November 2011 is part of the Groups plan to revitalise its provincial casinos. Genting Club Riverlights offers the very latest in gaming technology in a vibrant and exciting environment, complete with a restaurant and two bars for great entertainment. 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 site will be known as Resorts World At The NEC and is expected to be operational by 2015. Resorts World will bring a unique new offering to The NEC featuring a casino, hotel accommodation, a spa, conference and banqueting centre, a multi screen cinema, a wide range of food and beverage outlets and an outlet centre. Others In 1998, Genting Malaysia undertook an equity investment in Genting Hong Kong Ltd(formerly known as Star Cruises Limited), with core businesses in both land and sea-based businesses as such Star 1 2 Cruises, Norwegian Cruise Lines and Resorts World Manila . Genting Malaysia currently owns about 18.4% of Genting Hong Kong Ltd.
1 A 50% joint ownership alongside Apollo and TPG 2 A joint partnership with Alliance Global Group under Travellers International

Accolades Resorts World Genting was voted the World's Leading Casino Resort (2005, 2007 to 2010) and Asia's Leading Casino Resort from 2005 to 2010 by World Travel Awards. Resorts World Genting also won various culinary awards at the recent Malaysia International Gourmet Festival 2011 and Hospitality Asia Platinum Awards (HAPA) 2011 - 2013 Regional Series.

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

http://www.gentingmalaysia.com/profile.htm

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