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Corporation
genting.com

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Investments

11

Portfolio Exits

5

Partners & Customers

5

About Genting Group

Genting Group, and its subsidiaries and affiliates operating under the Genting name, is a multinational company in Asia. These public companies and their subsidiaries and affiliates are involved in various businesses, including leisure & hospitality, power generation, oil palm plantation, property development, biotechnology and oil & gas.

Headquarters Location

24th Floor, Wisma Genting, Jalan Sultan Ismail

Kuala Lumpur, 50250,

Malaysia

+(60) 3 2178 2288

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Latest Genting Group News

Macau Gives Existing Casinos New Licenses as Genting Loses Out

Nov 26, 2022

Macau Gives Existing Casinos New Licenses as Genting Loses Out Ukraine Latest: Kyiv Says Half of City Residents Without Power Warnock Has More Cash, But GOP Super-PAC Has Plenty for Walker Argentina Brings Back Exchange Rate That Led to IMF Exception Boats, Cars, Computers Lead Mexico’s Export Boom to US Market KKR Nears €2.3 Billion Deal for CVC’s Insurance Broker April The Week Ahead: Big six bank earnings; GDP data due Peru Leader Escalates Congress Dispute With Prime Minister Pick TSX recap: Index finishes 0.2% higher U.S. stocks end winning week with rate outlook in focus Colombia Court Annuls Carrasquilla’s Naming to Central Bank EU Set to Resume Talks on Price for Russian Oil Cap Tonight Risk Appetite Is Surging Again in Markets Seduced by Fed Hope Peru’s President Loses Another Prime Minister as Turmoil Deepens Russia Drafts Decree Banning Oil Sales to Price-Cap Participants Bitwise Files for Bitcoin Futures ETF Despite Crypto ‘Dark Days’ Activision Sinks on Concern US Will Block Microsoft’s $69 Billion Deal US-Listed Chinese Stocks Eye First Weekly Drop of November A Week to Remember for Manchester United Investors as Stock Surges 68% 32% of Canadians unaware standard home insurance policies lack flood protection: Survey  How the elimination of interest on federal student loans could give graduates a boost Recession: Majority of Canadians think we’ll enter one soon, survey finds Young Canadians look to splurge on gifts this holiday season, cut other costs How stay-at-home spouses can build credit Holiday shopping: Expert advice on finding deals and saving Inflation gives a boost to 2023 TFSA contribution limit Many Canadians struggling with 'subconscious spending' habits: Survey Buy now, pay later holiday shopping spree could lead to financial hangover: Experts Hourly wages needed to live in Ontario rise as inflation persists Tax-loss selling can turn 2022 losses into 2023 gains Consumer insolvencies rise 22.5 per cent compared with last year Millennial Money: Set financial limits for holiday visits Three ways Millennials can cut back on spending ahead of a potential recession Financial illiteracy runs deep in Canada: Dale Jackson Here are the new cost of living support measures announced in the Fall Economic Statement Canadians have never felt worse about their finances, poll shows Importance of understanding your travel insurance in post-COVID-19 era Halloween: Canadians expected to spend over 28% more this year on candy, costumes China’s Central Bank Cuts Reserve Ratio to Help Bolster Economy China Investors Identify Trigger Points to Buy as Economy Opens China State Banks Pledge at Least $31 Billion to Developers Deals Medley for SSE and Devro: The London Rush Singapore Warns of Potential Global Funding Markets Dysfunction Vietnam’s VinFast to Ship EVs to US, Europe and Canada November Riksbank Sees Deeper Home Price Fall in Sweden as Rates Rise Chinese Builders Rally on Prospects of Additional Financing Evergrande Creditors Press Hui for $2 Billion as Overhaul Nears Brexit Discount to Help UK Real Estate Weather Market Storm Bank of Korea Reverts to Smaller Rate Hike, Lowers Growth View No Respite for Vietnam Developers With Debt Maturities Looming China Fashion Tycoon to Sell $64 Million Prime Hong Kong Office US Economy Shows Signs of Slowing as Fed Hikes Filter Through Former Owner of London’s Citigroup Tower Files for Bankruptcy US Mortgage Rates Plunge for a Second Week, Hit Two-Month Low US New-Home Sales Unexpectedly Rise, Driven by Demand in South Short Seller Targets UK Social Housing Landlord, Shares Tumble Paris Saint-Germain Considering Leaving Home Stadium, Stake Sale Hangzhou Vows Video-Game Funding as China Crackdown Eases: SCMP Macau Gives Existing Casinos New Licenses as Genting Loses Out Xinjiang Officials Seek to Calm Lockdown Anger After Deadly Fire Musk Says He’d Back DeSantis for President If He Makes 2024 Run HK Expects Air-Passenger Traffic to Surge Next Year, SCMP Says Ukraine Latest: Kyiv Says Half of City Residents Without Power Warnock Has More Cash, But GOP Super-PAC Has Plenty for Walker Taiwan Votes in Local Elections Set to Shape Presidential Race Retailers Prepare for a Muted Shopping Day: Black Friday Update Microsoft’s Activision Deal Hangs on Long-Shot FTC Accord Team Biden Hates Brazil Ex-Central Bank Chief Declines Idea of Lula’s Cabinet Job US Shoppers Kick Off Holiday Season With a Muted Black Friday Brenntag Confirms Early Talks to Acquire US Rival Univar Boats, Cars, Computers Lead Mexico’s Export Boom to US Market KKR Nears €2.3 Billion Deal for CVC’s Insurance Broker April NASA’s Orion Spacecraft Successfully Enters Moon’s Orbit Brenntag Is Said to Explore Takeover of Chemicals Rival Univar Peru Leader Escalates Congress Dispute With Prime Minister Pick Kavak Cuts Jobs as CEO Sees Challenging Year Ahead for Startup Warnock Has More Cash, But GOP Super-PAC Has Plenty for Walker Argentina Brings Back Exchange Rate That Led to IMF Exception Boats, Cars, Computers Lead Mexico’s Export Boom to US Market Oil posts third weekly loss as EU postpones price-cap talks EU Set to Resume Talks on Price for Russian Oil Cap Tonight Peru’s President Loses Another Prime Minister as Turmoil Deepens Russia Drafts Decree Banning Oil Sales to Price-Cap Participants German Windfall Tax Delayed Until Beginning of December Backyard Beef Barbecue Costs Soar, Hurting South Africa’s Poor Shell is Selling Stakes in UK North Sea Oil Fields EU Rushes to Safeguard Domestic Firms From US Climate Law Gold Miners Ordered to Sell 20% of Refined Bullion to Ghana World’s Biggest Nuclear-Fusion Project Faces Delays as Component Cracks US Avian Flu Outbreak Worst on Record With 50 Million Dead Birds BMW Doubles Investment to $2.1 Billion in Hungary EV Plant Ghana Needs Fidelity, Goldman More Than Ever as Crisis Deepens Copper Mining Grows at Last But Now Smelters Can’t Keep Up Zimbabwe Wants to Change $3.5 Billion Farmer Deal After Missing Payments Angola’s Isabel Dos Santos Considers Presidential Run From Exile Alberta's famous 'wage premium' rapidly eroding, experts say Federal government posts $1.7 billion surplus for April to September period Alberta cuts budget surplus forecast after tax break rollout The Daily Chase: Markets point to a positive open; Black Friday begins 'We’re going to be packed': World Cup brings traffic boost to restaurants and bars Long-term rate hikes effects will be 'more powerful' than people think: Poloz Has inflation peaked? Economists expect slowdown in coming months The Daily Chase: Bank of Canada under pressure to tame inflation; TSX posts gains Inflation relief measures should be well targeted and temporary, says Macklem Retailers look for Black Friday comeback as inflation has shoppers hunting for deals Alberta's tactic of doling out cash fuels inflation rather than easing it: Economists Most U.S. Fed officials saw slower pace of hikes appropriate 'soon' U.S. Fed staff saw odds of recession in next year at almost 50% Business outlook worsened in third quarter: Statistics Canada Private equity firms keen to return cash dump discounted stocks Trudeau faces tough choices in countering U.S. green incentives U.S. jobless claims hit three-month high as labor market cools The Daily Chase: Alimentation Couche-Tard deals with inflation pain; Alberta spends $2.4B in aid CPI: What economists are expecting to see from the latest inflation data Musk Says He’d Back DeSantis for President If He Makes 2024 Run Ukraine Latest: Kyiv Says Half of City Residents Without Power Warnock Has More Cash, But GOP Super-PAC Has Plenty for Walker Taiwan Votes in Local Elections Set to Shape Presidential Race Microsoft’s Activision Deal Hangs on Long-Shot FTC Accord Team Biden Hates Brazil Ex-Central Bank Chief Declines Idea of Lula’s Cabinet Job Trump Dines at Mar-a-Lago With Rapper Ye and White Supremacist Peru Leader Escalates Congress Dispute With Prime Minister Pick FTX Donated $1 Million to a Super-PAC Linked to Mitch McConnell in October Alberta finance minister 'confident' province will resist potential recession Colombia Court Annuls Carrasquilla’s Naming to Central Bank EU Set to Resume Talks on Price for Russian Oil Cap Tonight Peru’s President Loses Another Prime Minister as Turmoil Deepens German Windfall Tax Delayed Until Beginning of December Federal government posts $1.7 billion surplus for April to September period EU Rushes to Safeguard Domestic Firms From US Climate Law Macron Says He Hasn’t Received Call or Letter on Finance Probe Zimbabwe Wants to Change $3.5 Billion Farmer Deal After Missing Payments Angola’s Isabel Dos Santos Considers Presidential Run From Exile Hangzhou Vows Video-Game Funding as China Crackdown Eases: SCMP Musk Says He’d Back DeSantis for President If He Makes 2024 Run Retailers Prepare for a Muted Shopping Day: Black Friday Update Microsoft’s Activision Deal Hangs on Long-Shot FTC Accord Team Biden Hates US Shoppers Kick Off Holiday Season With a Muted Black Friday Boats, Cars, Computers Lead Mexico’s Export Boom to US Market U.S. bans Huawei, ZTE telecom equipment on data-security risk FTX Donated $1 Million to a Super-PAC Linked to Mitch McConnell in October Trudeau Set to Defend Emergency Edict Used to End Trucker Convoy Bitwise Files for Bitcoin Futures ETF Despite Crypto ‘Dark Days’ Activision Sinks on Concern US Will Block Microsoft’s $69 Billion Deal Amazon Likely to Settle EU Antitrust Cases by the End of Year Twitter Chaos Leaves UK Regulator With Nobody to Meet Ride-Hailing Nigeria Startup to Raise $100 Million in EV Push World’s Biggest Nuclear-Fusion Project Faces Delays as Component Cracks Tiantian Kullander, Co-Founder of Crypto Firm Amber, Dies at 30 Crypto Crisis Shrinks ETF Assets in Market That Embraced Them Aveva Investors Back Schneider Electric’s $11.9 Billion Takeover Amitabh Bachchan Wins Court Order for His Personality Rights The U.S. Fed is failing in four ways: Mohamed A. El-Erian Apple, JPMorgan turn to pay now grow later Remote Working Boom Is Huge for College Towns Like Knoxville Walmart flashes a warning sign to the entire consumer economy: Andrea Felsted Millennials are finally spending like grown-ups Dismal U.S. GDP report raises the odds of recession this year: Gary Shilling Musk is wrong for Twitter even if deal math works out Chocolate bunnies can teach us to save our food supply The Fed has made a U.S. recession inevitable America's oil reserve weapon risks misfiring Four-day workweeks can burn you out U.S. Fed expects a soft landing. Don't count on it Markets are pushing Fed into developing-economy territory Commodity traders go from bonanza to bailout plea Putin's war shows West must clean up dirty money Salary transparency is good for everyone Microsoft's US$69B Activision deal could be a blunder What if the oil market bulls are wrong and this lonely bear is right? Canada's trucker protest may spread from Ottawa to U.S. Bitwise Files for Bitcoin Futures ETF Despite Crypto ‘Dark Days’ Crypto Crisis Shrinks ETF Assets in Market That Embraced Them London’s Stock Market Edges Back Above Paris After Pound Surge What the Latest Crypto Crash Means for ETFs Fidelity to Join Mutual Fund-to-ETF Club With $430 Million Flip Retail Traders Who’ve Taken a Beating This Year May Harvest Their Losses Grayscale Is the ‘Cash Cow’ of Silbert’s Empire, Ark’s Wood Says Amundi Is Downgrading ‘Almost All’ Funds With EU’s Top ESG Tag Inflation-Hit Turks Lift Stocks to World’s Top 2022 Performer Cathie Wood Goes On Coinbase Buying Spree as Wall Street Sours FTX Latest: Bankman-Fried Faces Grilling by Lawmakers He Backed Biggest Bitcoin Fund Hits 45% Discount as Parent’s Woes Deepen  Former AQR Quant Says Wall Street Isn't Doing Portfolio Diversity Right Why One Asset Manager Avoided FTX Before the Storm: Bitwise Q&A Goldman Sees Holiday Sales Creating Volatility in Retail Stocks Crypto-Product Pipeline Goes Bust as Survival Questioned BMO Launches ARK-Managed ETF Series Focusing on Innovation Crypto Stocks’ Rout Delivers $469 Million Win to Short Sellers Assessing the BITO ETF One Year In Women making small gains, but still troublingly under-represented in the C-suite Gerry Schwartz to step down as CEO at Onex, Bobby Le Blanc named next CEO Dominic Barton on Canada-China relations, future at Rio Tinto 'We’re serving Canadians better' following the pandemic: McKesson Canada CEO Rebecca McKillican World's richest family loses US$11.4B in Walmart rout 'Fine balance': Rania Llewellyn on fitting her long-term inclusion goals into Laurentian's revamp First female bank CEO in Canada leads with younger self in mind ​Company holiday parties are making a comeback, but many employers have a plan B Elon Musk and Jeff Bezos now worth almost half a trillion dollars Jane Fraser has a plan to remake Citigroup while tormenting rivals ‘Forever changed’: CEOs are dooming business travel — maybe for good National Bank names Laurent Ferreira CEO, succeeding Vachon The remote-work czar is the new shortcut to the C-Suite Olympics boss aims to put 'most-followed' Tokyo games on track Wellness resorts eye long COVID treatments as new moneymaker Ghosn accomplice says he 'deeply regrets' helping him escape Gates divorce speeds divergence of separate investing goals Buffett exits as Gates Foundation trustee, sidestepping rift Gates’s divorce casts harsh glare on US$170 billion money manager Shirley Zhao, Bloomberg News Pedestrians pass the Wynn Macau casino resort, operated by Wynn Resorts Ltd., and a lion statue stands outside the MGM Cotai casino resort, developed by MGM China Holdings Ltd., in Macau, China, on Wednesday, Oct. 5, 2022. Macau's slowdown extended into September, with gaming revenue falling 49.6% as China’s snap lockdowns to control Covid-19 outbreaks discouraged tourists from visiting the gambling hub. , Bloomberg (Bloomberg) -- Macau’s six casino operators won new licenses to continue running their businesses in the city, as Genting Group failed in its attempt to gain entry to the major gaming hub. The committee in charge of the bidding of new licenses didn’t specify how long the permits would last for, but said at a press conference on Saturday the government will discuss contract details with the winners later. The operators are Galaxy Entertainment Group Ltd., MGM China Holdings Ltd., Sands China Ltd., Wynn Macau Ltd., Melco International Development Ltd. and SJM Holdings Ltd. The announcement concludes a sweeping change to Macau’s gambling industry that started in September last year, when authorities proposed new gaming regulations to strengthen government control over casino operations and crack down on junkets’ role in soliciting high-rolling bettors from mainland China, where gambling remains illegal. The law was passed in June and the bidding process for new gaming licenses started at the same time, with existing ones due to expire by the end of the year. The decision to retain all existing operators eliminated a major uncertainty facing an industry hit by the double whammy of Covid-induced tourism drought and China’s crackdown on high rollers to curb capital outflow. By reshaping Macau’s gaming landscape, Beijing is pushing the enclave to reduce its reliance on gambling -- which contributes 80% of the local government’s income -- and diversify into other sectors such as tourism, conferences, Chinese medicine and finance. The license holders must prioritize the safeguarding of local employment and invest in the non-gaming segment of the businesses, a Macau official said at the briefing. ©2022 Bloomberg L.P.

Genting Group Investments

11 Investments

Genting Group has made 11 investments. Their latest investment was in DishServe as part of their Seed VC - II on November 11, 2021.

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Genting Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/9/2021

Seed VC - II

DishServe

Yes

1

9/15/2021

Series A

Adatos

Yes

1

8/17/2021

Unattributed - V

Sightline Payments

$244M

No

19

4/1/2021

Unattributed VC

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$99M

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10

4/18/2020

Corporate Minority - II

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10

Date

11/9/2021

9/15/2021

8/17/2021

4/1/2021

4/18/2020

Round

Seed VC - II

Series A

Unattributed - V

Unattributed VC

Corporate Minority - II

Company

DishServe

Adatos

Sightline Payments

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Amount

$244M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

1

19

10

10

Genting Group Portfolio Exits

5 Portfolio Exits

Genting Group has 5 portfolio exits. Their latest portfolio exit was Crystal Cruises on June 22, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/22/2022

Acquired - II

$99M

2

7/16/2021

Reverse Merger

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$99M

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10

8/20/2019

Merger

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$99M

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10

3/20/2019

Acq - Fin

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$99M

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10

3/2/2013

Acquired

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$99M

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10

Date

6/22/2022

7/16/2021

8/20/2019

3/20/2019

3/2/2013

Exit

Acquired - II

Reverse Merger

Merger

Acq - Fin

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

10

10

10

10

Genting Group Acquisitions

2 Acquisitions

Genting Group acquired 2 companies. Their latest acquisition was Zouk on October 21, 2015.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/21/2015

$99M

Acquired

1

5/15/2015

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$99M

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10

Date

10/21/2015

5/15/2015

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Acquired

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Sources

1

10

Genting Group Partners & Customers

5 Partners and customers

Genting Group has 5 strategic partners and customers. Genting Group recently partnered with Konami Holdings on September 9, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

9/29/2017

Vendor

Japan

2

9/29/2017

Vendor

United States

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10

6/9/2017

Vendor

Sweden

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10

1/23/2017

Partner

Australia

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10

6/13/2016

Partner

United States

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10

Date

9/29/2017

9/29/2017

6/9/2017

1/23/2017

6/13/2016

Type

Vendor

Vendor

Vendor

Partner

Partner

Business Partner

Country

Japan

United States

Sweden

Australia

United States

News Snippet

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Sources

2

10

10

10

10

Genting Group Team

3 Team Members

Genting Group has 3 team members, including current Chief Executive Officer, Kok Chuan Lim.

Name

Work History

Title

Status

Kok Chuan Lim

Chief Executive Officer

Current

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Name

Kok Chuan Lim

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Work History

Title

Chief Executive Officer

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Status

Current

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