Joint provisional liquidators were appointed for Genting Hong Kong – which is also a joint venture casino operator in the Philippines – on January 20 after an application to a Bermuda court. “In these circumstances, it has become impossible for the company to make further financial commitments necessary to enable the World Dream to continue to operate,” added the statement. “Despite the continued efforts to source and introduce external funding, the group’s liquidity continues to deteriorate given the absence of sustainable operational income under current challenging circumstances and in the face of mounting creditor pressure which poses an immediate threat to the operation of the vessel,” stated Genting Hong Kong. Globally the cruise line sector has been badly affected by the Covid-19 pandemic.
That is due to the brand experiencing “an absence of sustainable operational income”, said Genting Hong Kong in a Monday press release. World Dream (pictured), an Asia-Pacific-based casino cruise ship under Genting Hong Kong Ltd’s Dream Cruises brand, will cease operations on Wednesday (March 2) at the end of its current voyage. Newsdesk Latest News, Rest of Asia, Top of the deck Genting’s World Dream to end operations on Weds
