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How a Billionaire’s Cruise Empire Imploded in Hong Kong

  • Lim Kok Thay’s Genting Hong Kong files petition to wind up
  • It’s one of biggest stumbles since pandemic hit cruise sector
Lim Kok Thay in 2018. 
Lim Kok Thay in 2018. Photographer: Nicky Loh/Bloomberg
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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.