{"id":117846,"date":"2019-10-22T07:00:42","date_gmt":"2019-10-22T14:00:42","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=117846"},"modified":"2019-10-22T11:12:58","modified_gmt":"2019-10-22T18:12:58","slug":"genting-malaysia-to-sell-luxury-yacht-with-scandalous-past-for-200m","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/genting-malaysia-to-sell-luxury-yacht-with-scandalous-past-for-200m\/","title":{"rendered":"Genting Malaysia Wants To Sell Luxury Yacht with Scandalous Past for $200M"},"content":{"rendered":"

Genting Malaysia Bhd is selling its “superyacht” — with a checkered history — for $200 million. Just six months ago, the casino mega-company acquired the 300-foot vessel for $126 million, according to news reports.<\/p>\n

\"\"
Genting is trying to find a buyer for this luxury yacht. Asking price is $200 million. (Image: Reuters\/Lai Seng Sin)<\/figcaption><\/figure>\n

The close to 60 percent markup deal will get the purchaser \u201cTranquility\u201d — a motor yacht which was formerly owned by Low Taek Jho, also known as Jho Low — a Malaysian businessman engulfed in a financial scandal involving the nation\u2019s sovereign wealth fund, 1MDB, The Guardian <\/em>reported.<\/p>\n

Low has disappeared but denies any legal wrongdoing. He is being sought by law enforcement agencies in several nations.<\/p>\n

\n

Since April, Genting rented the yacht out for $1.2 million per week. Among those who paid the hefty price tag was Kylie Jenner — a 22-year-old TV celebrity and cosmetics entrepreneur — who used it for her birthday bash, the report said.<\/p>\n<\/div>\n

Genting<\/a> is best known for its gaming and hotel properties. These include casinos, theme parks and entertainment venues. It had acquired the yacht from the Malaysian government after Indonesian officials seized it near Bali.<\/p>\n

The US government had requested the seizure, given the scandal. Later, it was handed over to Malaysian officials, The Star<\/em> reported.<\/p>\n

Officials claim Low used money — totaling in the billions of dollars — stolen from the Malaysian sovereign wealth fund to pay for the yacht, as well as many other super-luxury items, such as paintings by Picasso and Basquiat, CNN<\/em> reported.<\/p>\n

Low also acquired fancy residences in Los Angeles and New York City. His $30 million Manhattan penthouse overlooking Central Park hit the market three months ago and now has a buyer, according to Mansion Global<\/em>.<\/p>\n

Yacht Details<\/h2>\n

The yacht includes a massage room, 215-square foot swimming pool, sauna, two luxury jacuzzis, gym, grand piano, and \u201cbeach club\u201d area. A formal dining room seats 12. News reports said it also has its own helipad and elevator.<\/p>\n

The interior was designed by UK-based Winch Design. It features marble and bleached oak with exotic wood finishing.<\/p>\n

The vessel can accommodate anywhere from 18 to 26 guests and has nine cabins, as well as having room for a crew of 31.<\/p>\n

\n

Built by the Oceanco shipyard in The Netherlands, Tranquility was named \u201cYacht Of The Year Over 82m\u201d at the 2014 World Superyacht Awards.<\/p>\n<\/div>\n

Camper & Nicholsons — a 237-year-old yacht brokerage which can rent Tranquility out for those who can afford the weekly rate — described it as an \u201ciconic superyacht\u201d that is an \u201cocean-crossing world explorer.\u201d<\/p>\n

Tranquility also features \u201cthe finest aesthetics and technical standards\u201d and \u201cis truly exceptional in her capabilities,\u201d according to the firm\u2019s website.<\/p>\n

\u201cTranquility achieves a top speed of 18 knots and comfortably cruises at 15 knots,\u201d the brokerage adds. \u201cTranquility is fitted with zero speed stabilizers which increase on-board comfort when the yacht is at anchor.\u201d<\/p>\n

Even though the yacht\u2019s current owner is Genting, it does not appear to feature an on-board casino.<\/p>\n

Option for Those Who Want On-Board Casino<\/h2>\n

That is not the case for a currently under-design, 750-foot mega-yacht that would include its own shipboard casino. It is now going by the name Project Valkyrie.<\/p>\n

It is sponsored by Monaco-based marine builder Palmer Johnson<\/a>. The project is predicted to cost $775 million to build.<\/p>\n","protected":false},"excerpt":{"rendered":"

Genting Malaysia Bhd is selling its “superyacht” — with a checkered history — for $200 million. Just six months ago, the casino mega-company acquired the 300-foot vessel for $126 million, according to news reports. The close to 60 percent markup deal will get the purchaser \u201cTranquility\u201d — a motor yacht which was formerly owned by […]<\/p>\n","protected":false},"author":44,"featured_media":117847,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"acf":[],"yoast_head":"\nGenting Looking to Sell Yacht with Scandalous Past for $200M<\/title>\n<meta name=\"description\" content=\"Genting Malaysia Bhd is selling a superyacht -- with a checkered past -- for $200 million, which it aquired six months ago for $126 million.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Genting Looking to Sell Yacht with Scandalous Past for $200M\" \/>\n<meta property=\"og:description\" content=\"Genting Malaysia Bhd is selling a superyacht -- with a checkered past -- for $200 million, which it aquired six months ago for $126 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/genting-malaysia-to-sell-luxury-yacht-with-scandalous-past-for-200m\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-22T14:00:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-10-22T18:12:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/10\/tranquility.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1278\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ed Silverstein\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgedsilv\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ed Silverstein\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/genting-malaysia-to-sell-luxury-yacht-with-scandalous-past-for-200m\/\",\"url\":\"https:\/\/www.casino.org\/news\/genting-malaysia-to-sell-luxury-yacht-with-scandalous-past-for-200m\/\",\"name\":\"Genting Looking to Sell Yacht with Scandalous Past for $200M\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/genting-malaysia-to-sell-luxury-yacht-with-scandalous-past-for-200m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/genting-malaysia-to-sell-luxury-yacht-with-scandalous-past-for-200m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/10\/tranquility.jpg\",\"datePublished\":\"2019-10-22T14:00:42+00:00\",\"dateModified\":\"2019-10-22T18:12:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/b3771b02527bcbda9af984b9b1ff098e\"},\"description\":\"Genting Malaysia Bhd is selling a superyacht -- with a checkered past -- for $200 million, which it aquired six months ago for $126 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/genting-malaysia-to-sell-luxury-yacht-with-scandalous-past-for-200m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/genting-malaysia-to-sell-luxury-yacht-with-scandalous-past-for-200m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/genting-malaysia-to-sell-luxury-yacht-with-scandalous-past-for-200m\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/10\/tranquility.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/10\/tranquility.jpg\",\"width\":1920,\"height\":1278,\"caption\":\"Seized luxury yacht Equanimity, belonging to fugitive Malaysian financier Low Taek Jho, is brought to Boustead Cruise Terminal in Port Klang, Malaysia August 7, 2018. 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