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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,
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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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