A floating casino ship, moored off the Hong Kong harbor, is a welcome gambling option for many Chinese tourists. Those that peruse the world of gambling news will undoubtedly often come across. Genting Hong Kong (Genting HK) is set to launch two new cruise ships, which will both allow passengers to gamble across the high seas. In order to finance these new cruise ships, the company sold a significant portion of its Dream Cruises business. The buyer is TPG Darting Limited, a subsidiary of the TPG Capital Asia and Growth Funds.

Hong Kong’s casino cruises once flourished, attracting high rollers from the financial hub to its slots and tables. Now, after Chinese President Xi Jinping’s crackdown on corruption, one such. Hong Kong casinos, cruise ships, horsetracks and dogtracks - the complete gambling landscape of Hong Kong. Includes Hong Kong casino details, gambling news and tweets in Hong Kong, area maps, Hong Kong entertainment, coupons offers.

History
Name:	Saipan Star (2017) China Star (2012–2017) Omar Star (2005-2012) Radisson Diamond (1992–2005)
Owner:	China Cruises Conning Shipping (manager)^[1]
Port of registry:	1992-1997: Helsinki, Finland 1997-2012: Nassau, Bahamas^[2]
Builder:	Rauma Finnyards (now STX Finland Cruise Oy), Finlandr
Launched:	20 June 1991^[3]
Maiden voyage:	5 July 1992^[3]
Identification:	Call sign: C6OP6 IMO number: 9008407 MMSI number: 309788000
Status:	In service^[1]
General characteristics
Type:
Tonnage:	20,295 GT^[1]
Length:	131.2 metres (430 ft)
Beam:	31.96 metres (104.9 ft)
Draught:	7.6 metres (25 ft)
Decks:	12^[4]
Installed power:	Wärtsilä engines
Speed:	14.15 knots (26.21 km/h; 16.28 mph)^[3] or 12.5 knots (23.2 km/h; 14.4 mph)^[5]
Capacity:	354 passengers in 177 cabins^[6] or 172 cabins^[7]
Crew:	150^[5] / 200^[8]

MV China Star (中华之星) is the world's largest ship with a SWATH design,^[8] and the only twin-hull cruise ship ever built.^[7] It was sold and has operated in Hong Kong as the gambling ship Asia Star for Asia Cruises beginning in 2005, and the ship was later renamed China Star and was operated by several operators. The ship is currently laid up in Shenzhen, China.^[6] This 350-passenger all balcony luxury cruise ship was the largest SWATH ship in the world when it was built, displacing more than 20,000 tons.^[9] Originally known as the Radisson Diamond, the ship was built for Diamond Cruise, a conglomerate of several Finnish banks and the UKL-based Carlson Companies (the parent company of Radisson Cruises and Hotels). The ship was built at the Finnish Rauma shipyard by STX Finland.^[10]

In June 2011,^[6] the ship was purchased for $45M by China Cruises Company Limited, the deal being led by Chinese millionaire entrepreneur Huang Weijian,^[7] CEO of CCCL.^[11] Another $20M was spent refurbishing her.^[11] Operation started on March 9, 2012, as the first ship of the new CCCL luxury cruise line.^[4]

References[edit]

^ ^a^b^c'China Star (9008407)'. Equasis. French Ministry for Transport. Retrieved 6 August 2012.
^Radisson Diamond
^ ^a^b^cAsklander, Micke. 'M / S RADISSON DIAMOND'. Fakta om Fartyg (in Swedish).
^ ^a^b'Wenzhou investors launch China Star cruise ship in Hong Kong'. 2012-03-09. Archived from the original on 2013-02-05. Retrieved 2012-08-06.
^ ^a^b'China Star'. shipparade.com. 2012-02-04. Retrieved 2012-08-06.
^ ^a^b^c'CHINA STAR Joins Growing Chinese Cruise Market'. Maritime Matters. March 5, 2012. Retrieved 2012-08-06.
^ ^a^b^c'New Chinese Cruise Line to Start-Up with ex-Radisson Diamond - Cruise Industry News | Cruise News'. Cruise Industry News. 2012-03-02. Retrieved 2012-03-08.
^ ^a^b'Radisson Diamond (sold)'. cruisereviews.com.
^Slater and Basch. 'New Ship Emulates a Luxury Hotel : The extra-wide Radisson Diamond is spacious enough for a conference center'. Los Angeles Times. Retrieved 3 December 2018.
^'Radisson Diamond'. Castles of the Seas. Retrieved 3 December 2018.
^ ^a^bRaemin Zhang (7 March 2012). 'First China-owned luxury cruise ship sets sail'. Archived from the original on 20 October 2012. Retrieved 6 August 2012.

External links[edit]

Wikimedia Commons has media related to IMO 9008407.

Independent professional photographs from shipspotting.com

Retrieved from 'https://en.wikipedia.org/w/index.php?title=MV_China_Star&oldid=980180510'

(Bloomberg) -- A cruise ship operator controlled by Malaysian tycoon Lim Kok Thay suspended all payments to creditors, triggering a 36% drop in the company’s shares and denting investor confidence in Lim’s wider business empire.

Genting Hong Kong Ltd. said it will use its available funds to maintain critical services for the company’s operations and asked creditors to form a steering committee to evaluate a planned restructuring proposal, according to a statement to the Hong Kong stock exchange on Wednesday night. The company owed a total of $3.4 billion as of July 31, it said.

The firm blamed the cash crunch on the coronavirus pandemic and said the payment halt will likely result in default. Lim owned 69% of the Hong Kong unit’s shares as of April 3, according to data compiled by Bloomberg. Malaysia’s casino-to-hospitality conglomerate Genting Bhd. and its units previously imposed a first group-wide salary cut since its founding in 1965.

“For Genting, the financial stress may push the owner to sell the asset, or liquidate the entire firm,” said Banny Lam, the head of research at CEB International Investment Corp. “Liquidation is not very likely, but there is such a possibility if Lim doesn’t have money and can’t find a buyer for its assets. In that case, equity holders rank behind bond holders to get compensated.”

Genting Hong Kong shares were down 33% at 2:31 p.m. local time, after falling a record 36%. Genting Bhd. shares were untraded due to a holiday in Malaysia. Genting Singapore Ltd. fell 2.8%.

Citigroup Inc said in a note there is “some reputational damage” to Genting group as chairman Lim is the common sponsor of Genting Hong Kong and other group companies. However, it doesn’t see cross-defaults for the group’s other firms.

Malayan Banking Bhd. and RHB Bank Bhd. were the biggest contributors to Genting Hong Kong’s syndicated loans, according to data compiled by

Casino Cruise Ship Hong Kong