How is Genting Group? Genting Group reviews and website information

Genting Group is a leading conglomerate in Malaysia, consisting of five listed companies covering a wide range of industries, including tourism, leisure, entertainment, and plantation. As an important enterprise in Asia and even globally, Genting Group not only has a strong influence in Malaysia, but also occupies an important position in the international market. This article will introduce the history, business scope, core companies and global layout of Genting Group in detail to help readers fully understand this huge business empire.

1. History and Development of Genting Group

Genting Group was founded in 1965 by the late Tan Sri Lim Goh Tong, a legendary entrepreneur who rose from a simple construction worker to one of the most influential business leaders in Malaysia. The creation of Genting Group stems from Lim Goh Tong's vision to develop the Genting Highlands in Malaysia. He saw this highland area in Pahang as having great tourism potential due to its cool climate and beautiful natural scenery.

After years of development, Genting Highlands has gradually become one of the most popular tourist destinations in Malaysia and even Southeast Asia. Genting Highlands is not only a summer resort in Malaysia, but also famous for its world-class entertainment facilities, casinos and resorts. With the success of Genting Highlands, Genting Group has gradually expanded its business scope, involved in plantation, real estate, energy, cruise and other fields, and has become a diversified multinational enterprise group.

2. Genting Group’s Core Business

Genting Group's business scope is very wide, covering multiple industries. The following is a detailed introduction to its core businesses:

1. Tourism and leisure

The most famous business sector of Genting Group is the tourism and leisure industry. Genting Highlands is the core of this sector, with many luxury hotels, casinos, theme parks and golf courses. The casino in Genting Highlands is the only legal casino in Malaysia, attracting tourists from all over the world. In addition, Genting Group has invested in the construction of multiple integrated resorts in Singapore, the United Kingdom, the United States and other places, further consolidating its position in the global tourism and leisure industry.

2. Plantation industry

Genting Group is engaged in palm oil planting and processing through its subsidiary Genting Plantations Berhad. The company owns large palm plantations in Malaysia and Indonesia and has established modern processing plants. Palm oil is one of the world's important agricultural products and is widely used in food, cosmetics and biofuels. Genting Plantations Berhad is committed to providing high-quality palm oil products to the global market through sustainable planting and production methods.

3. Real Estate

Genting Group also has a wide range of layouts in the real estate sector. Its real estate projects include residential, commercial and integrated development projects, spread across Malaysia, Singapore, China and other places. Through its real estate subsidiaries, Genting Group has developed a number of high-end residential areas and commercial centers, providing local residents and tourists with a high-quality living and shopping environment.

4. Energy and Utilities

Genting Group is also involved in the energy and utilities sector, and participates in electricity, natural gas and water services through its subsidiaries. The group has invested in and built several power plants in Malaysia and Indonesia to provide a stable power supply to local communities. In addition, Genting Group is also actively involved in renewable energy projects to promote the development of green energy.

5. Cruises and Shipping

Genting Group is engaged in cruise and shipping business through its subsidiary Genting Hong Kong Limited. Star Cruises and Dream Cruises under the company are the leading cruise brands in Asia, providing tourists with luxurious sea vacation experience. Genting Hong Kong Limited has also expanded its cruise business in the European and North American markets, further enhancing the competitiveness of Genting Group in the global cruise industry.

3. Genting Group’s Core Companies

Genting Group is composed of five listed companies, each of which occupies an important position in its respective field. The following is a detailed introduction of these five companies:

1. Genting Berhad

Genting Berhad is the parent company of Genting Group and is responsible for the overall strategic planning and investment decisions of the group. The company is engaged in various businesses in tourism, leisure, plantation, real estate, energy and other fields through its subsidiaries. Genting Berhad is listed on the Bursa Malaysia and is one of the companies with the highest market capitalization in Malaysia.

2. Genting Malaysia Berhad

Genting Malaysia Berhad is the core company of Genting Group in the field of tourism and leisure. The company is responsible for operating the integrated resort of Genting Highlands, including casinos, hotels, theme parks and other facilities. In addition, Genting Malaysia Berhad has also invested in the construction of multiple integrated resorts in the UK and the US, further expanding its global business.

3. Genting Plantations Berhad

Genting Plantations Berhad is the core company of Genting Group in the plantation sector. The company is mainly engaged in the planting, processing and sales of palm oil. Genting Plantations Berhad owns large palm plantations in Malaysia and Indonesia and produces high-quality palm oil products through modern processing plants.

4. Genting Singapore Plc

Genting Singapore Pte Ltd is the core company of Genting Group in Singapore. The company is responsible for operating Resorts World Sentosa, one of the most famous integrated resorts in Singapore. Resorts World Sentosa has facilities such as luxury hotels, casinos, theme parks and aquariums, which attract a large number of tourists.

5. Genting Hong Kong Limited

Genting Hong Kong Limited is the core company of Genting Group in the cruise and shipping fields. Star Cruises and Dream Cruises under the company are the leading cruise brands in Asia, providing tourists with luxurious sea vacation experiences. Genting Hong Kong Limited has also expanded its cruise business in the European and North American markets, further enhancing the competitiveness of Genting Group in the global cruise industry.

4. Genting Group’s Global Layout

Genting Group not only has a strong influence in Malaysia, but also has extensive investments and layouts around the world. The following is an overview of Genting Group's business in major global markets:

1. Asian Market

As a company headquartered in Malaysia, Genting Group has deep roots in the Asian market. In addition to Genting Highlands in Malaysia and Resorts World Sentosa in Singapore, Genting Group has also invested in and built a number of tourism, leisure and real estate projects in China, the Philippines, Indonesia and other countries. For example, Genting Group invested in and built Resorts World Macau in Macau, China, which is an integrated resort integrating hotels, casinos and shopping malls.

2. European Market

Genting Group also has a wide layout in the European market. Its subsidiary Genting Malaysia Sdn Bhd invested in the construction of Resorts World Birmingham in the UK, which is an integrated resort integrating hotels, casinos, shopping malls and entertainment facilities. In addition, Genting Hong Kong Co., Ltd. is also expanding its cruise business in the European market to provide European tourists with a luxurious sea vacation experience.

3. North American market

Genting Group's main investment in the North American market is concentrated in the United States. Its subsidiary Genting Malaysia Berhad invested in the construction of Resorts World New York in New York, USA, which is a comprehensive entertainment facility integrating a racecourse, casino and hotel. In addition, Genting Hong Kong Co., Ltd. has also expanded its cruise business in the North American market, providing luxurious sea vacation experiences for American and Canadian tourists.

4. Other markets

In addition to the Asian, European and North American markets, Genting Group has also invested in Australia, the Middle East and Africa. For example, Genting Group has invested in and built a number of real estate projects in Australia, providing a high-quality living environment for local residents. In the Middle East and African markets, Genting Group has participated in a number of power projects through its energy subsidiaries to provide a stable power supply to local communities.

V. Corporate Culture and Social Responsibility of Genting Group

Genting Group is not only committed to commercial success, but also attaches great importance to corporate social responsibility. The group gives back to the society in many ways, including education, medical care, environmental protection and other fields. The following are the main initiatives of Genting Group in corporate culture and social responsibility:

1. Corporate culture

Genting Group's corporate culture takes innovation, integrity and excellence as its core values. The Group encourages its employees to continuously learn and innovate to cope with the rapidly changing market environment. At the same time, Genting Group attaches great importance to honest management and is committed to building long-term trust relationships with customers, partners and communities.

2. Social Responsibility

Genting Group fulfills its corporate social responsibility in many ways. In the field of education, the group has established several scholarship programs to help poor students complete their studies. In the medical field, Genting Group has donated several hospitals and medical facilities to provide high-quality medical services to local residents. In terms of environmental protection, Genting Group reduces its impact on the environment through sustainable planting and production methods.

6. Future prospects of Genting Group

Looking ahead, Genting Group will continue to expand its global business, especially in the fields of tourism, leisure and renewable energy. The group plans to invest in integrated resorts and renewable energy projects in more countries and regions to further enhance its global competitiveness. At the same time, Genting Group will continue to fulfill its corporate social responsibility and contribute to the sustainable development of the global society.

In general, as a leading conglomerate in Malaysia, Genting Group has become an important enterprise in Asia and even the world with its diversified business layout and strong global influence. Whether in tourism, leisure, planting, real estate or energy, Genting Group has demonstrated outstanding competitiveness and innovation. In the future, Genting Group will continue to lead the industry development and create more value for global customers and communities.