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How a billionaire's cruise empire collapsed in Hong Kong due to Covid-19

It's a stark example of how the coronavirus brought once-thriving businesses to their knees, which has the potential to impact cruise customers across the region

Lim Kok Thay, chairman and chief executive officer of Genting Bhd,

Lim Kok Thay, chairman and chief executive officer of Genting Bhd

Yantoultra Ngui | Bloomberg
Lim Kok Thay started a cruiseferry and gambling boat business in 1990s Hong Kong and turned it into one of Asia’s biggest cruise operators.

It was a labor of love, as well as a way to diversify the casino business set up by his father, Lim Goh Tong, in Malaysia. Under the now 70-year-old Kok Thay, Genting Hong Kong Ltd. expanded its fleet of ships, bought other cruise lines and even added a string of German shipyards to build its vessels.

Now, more than two years into the coronavirus pandemic, Kok Thay’s company is headed for liquidation. Genting Hong

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First Published: Jan 24 2022 | 10:33 AM IST

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