Lim Goh Tong Family (Genting)
Overview
Founded by Lim Goh Tong in 1965, Genting Group is a Malaysian conglomerate with core businesses in leisure & hospitality (Genting Highlands), plantations, power generation, oil & gas, and property. It is one of Asia's leading gaming and resort operators, with a strong market position in Malaysia, Singapore, the UK, and the US.
Description
Genting Group is a Malaysian multinational conglomerate founded by Lim Goh Tong, known for its casinos, resorts, plantations, and energy businesses.
Leadership
Governance
Held by Kien Huat Realty Sdn Bhd, the family holding company. Key entities include Genting Berhad (listed), Genting Malaysia, Genting Singapore, and Genting Plantations. Decision-making is centralized under the Lim family, with Tan Sri Lim Kok Thay as chairman.
Succession
Lim Kok Thay (son of founder) is chairman and CEO. Next-gen includes Lim Keong Hui (executive director) and Lim Chen Herng (deputy CEO). Succession is gradual, with family members in key roles.
Public-Sector Context
Close ties with Malaysian government, especially under former PMs Mahathir and Najib. Regulatory advantages in gaming licenses and land concessions. Risk from policy changes and anti-gambling sentiment.