GENTING WORLDWIDE SERVICES LIMITED

Company number

10528004

Status

Active

Incorporation

2016-12-15

Last accounts made up

2024-12-31

Account category

FULL

Primary SIC

64929

Hubs

UK Fintech

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“A letter of financial support has been provided by the penultimate holding company, Genting Malaysia Berhad, confirming that financial support will be provided to the Company, if required, in meeting its obligations when they fall due for a period of at least 12 months subsequent to approval of the financial statements. Therefore, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “On 15 January 2025, the Company agreed: (i) to extend its GAI's loan repayable on 31 December 2025 to 31 December 2027; and (ii) to extend its GAHL's loan repayable on 31 December 2024 to 31 December 2027.”
• “On 10 April 2025, the Company undertook: (i) capital reduction whereby the entire 10,281 Convertible Non-Cumulative Redeemable Preference Shares of USD100,000 each and 85,681 Ordinary Shares of USD1 each are extinguished and cancelled; and (ii) reduction of capital redemption reserves of USD176,800,000 to Nil, to create distributable reserves.”
• “On 15 April 2025, the Company undertook an interim distribution in specie of USD1,361,017,360 to its immediate holding company, RCAP by way of distribution of inter-company loans receivable from GAI amounted to USD1,090,951,523 and Resorts World Miami LLC amounted to USD270,065,837.”
• “On 23 May 2025, the Company issued 64 Convertible Non-Cumulative Redeemable Preference Shares of USD100,000 each for USD6,400,000 to RCAP. The amount was settled by way of offsetting the amount due to RCAP.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers