Casino cruise ship operator Genting Hong Kong Ltd expects an unaudited loss of at least US$1.5 billion for the year to December 31, compared to a US$159-million loss a year earlier, it said in a Friday filing to the Hong Kong Stock Exchange.
The company said the increased annual loss would be “mainly attributable to prolonged suspension of fleet-wide operations across the group’s cruise and cruise-related businesses,” due to the Covid-19 pandemic. Such suspension had begun “temporarily since February 2020”.
Genting Hong Kong – part of the Malaysia-based Genting group – controls the Dream Cruises, Crystal Cruises and Star Cruises brands. The firm is also an investor in the Resorts World Manila casino resort in the Philippines.