Genting Hong Kong expects profit of over $180 mln in first half of 2014

Casino operator Genting Hong Kong expects net profit of more than $180 million in the first half of the year. That's a very high figure compared with consolidated net income of $23 million in the same period last year, the company said in a filing.

The increase in net profit was mainly attributable to gains from the March disposal of a 3.7% stake (W153 million) in Norwegian Cruise Line Holdings. Hong Kong-listed Zenting Hong Kong is still the majority shareholder of the company with a 27.7% stake.

Also helping to boost Genting Hong Kong's performance was a roughly $15 million increase in fair value caused by a revaluation of some financial assets.

Unaudited consolidated results for the first half of 2014 will be released in August.

Genting Hong Kong is a joint venture partner of Philippine Resorts World Manila Casino Resort. The company, which operates casino cruise ships under the star cruise brand, is a subsidiary of Malaysian conglomerate Genting.  카지노사이트 모음