The sale of Crystal Cruises, a California-based luxury line, to Genting Hong Kong was completed on Friday, paving the way for construction of a third ship promised by the new owners.
Genting, an Asian resort and gaming company, bought Crystal from Nippon Yusen Kabushiki Kaisha for $550 million.
With the sale, Crystal has a new chairman, Tan Sri Lim Kok Thay, executive chairman of the Genting Group and former chairman of Norwegian Cruise Line.
Members of Crystal’s senior management team were also promoted, including Edie Rodriguez, president and chief operating officer, who becomes president and chief executive officer.
Genting plans to add a new ship by 2018; the fleet currently has only two ships, Crystal Symphony, launched in 1995, and Crystal Serenity, which debuted in 2003. The line, founded in 1988, is known for high-quality dining and service, and has won numerous industry and consumer awards.
Genting also owns Star Cruises, a major Asian cruise line; 28 percent of Norwegian Cruise Line Holdings; and Resorts World Bimini, a resort and casino in the Bahamas, and the Bimini SuperFast, a ferry sailing from PortMiami to Bimini. The company also bought the former Miami Herald building with plans to build a large resort and casino, but has not succeeded in getting legislative approval for gambling on the site.
Genting said there will be no interruption in Crystal’s services.