Iconic Singapore club Zouk is being sold for an undisclosed sum to Genting Hong Kong (GHK), which operates the popular Star Cruises.
The wildly popular Zouk brand could be headed for more overseas expansion under its new owner, given the group’s casinos, cruise ships, hotels and other entertainment properties around the world.
The acquisition is expected to be completed by the year end. GHK is buying all of Zouk’s major trademarks, the new Clarke Quay club and the annual ZoukOut dance music festival in December, but not Zouk Kuala Lumpur.
GHK is headquartered and listed in Hong Kong with a secondary listing in Singapore. It is an affiliate of the Genting Group. Genting Singapore is also part of the group.