Asian casino operator, Genting Malaysia Berhad, has reportedly announced that it has appointed Lim Keong Hui to serve as its new Deputy Chief Executive Officer as it looks to reverse a recent third-quarter deficit that hit approximately $357.5 million.
According to a report from GGRAsia, the Kuala Lumpur-listed firm used a Monday filing to reveal that 34-year-old Lim previously served as its Non-Independent Executive Director and Business Development Senior Vice-President before being named as its Chief Information Officer in January of 2015.
Genting Malaysia Berhad is responsible for its home nation’s sprawling Resorts World Genting integrated casino resort along with the Resorts World Sentosa development in nearby Singapore. It reportedly explained that Lim is the son of its current Chairman, Chief Executive Officer and largest shareholder, 67-year-old Lim Kok Thay (pictured), and already holds some 422,300 of its ordinary shares.
Genting Malaysia Berhad’s filing reportedly read…
“He is also a holder of the rights to participate in the performance shares of Genting Malaysia Berhad’s long-term incentive plan for 172,200 scheme shares and 347,543 scheme shares granted under restricted share plan and performance share plan respectively of the scheme.”
Board room shake-up:
Genting reportedly used subsequent filings to detail that it had moreover named 83-year-old Alwi Bin Jantan to replace the retiring Mohammed Hanif Bin Omar as its Deputy Chairman while additionally stating that 60-year-old Chong Kin Leong had retired as its Chief Financial Officer to be replaced by his 48-year-old deputy, Wong Yee Fun.
Also hoping to soon be operating in Japan, Genting is additionally responsible for over 40 Genting Casino-branded casinos in the United Kingdom as well as that nation’s giant Resorts World Birmingham venue. The Kuala Lumpur-headquartered firm’s portfolio furthermore encompasses the Resorts World Bimini and Resorts World New York City properties while it is aiming to inaugurate its under-construction Resorts World Las Vegas development sometime next year.