SlotQuest Editor
Head Editor
Genting Looks Forward to Licence Renewal for Resorts World Sentosa
Genting Singapore, the operator behind the famed Resorts World Sentosa (RWS), has expressed optimism as it approaches the renewal of its gaming licence in 2027. After being granted a provisional two-year licence in 2024 due to underperformance from 2021 to 2023, the company has taken significant steps to secure a renewed three-year licence.
Resort Enhancements and Strategic Moves
In response to the Singapore Gambling Regulatory Authority's concerns, Genting has been actively enhancing RWS through a US$5.3 billion waterfront expansion. This project includes a newly unveiled Minion Land theme park, the luxurious Laurus hotel, and Weave, an expansive dining and retail district. Moreover, the Singapore Tourism Board has recognized the Singapore Oceanarium, which opened in July 2025, as a notable addition to the nation’s tourism appeal.
Managing Global Tensions and Economic Conditions
Not ignoring the wider geopolitical landscape, Genting Singapore remains vigilant regarding international uncertainties, particularly the evolving situation in the Middle East and its potential impact on tourism. CEO Lee Shi Ruh has committed to ensuring RWS is evaluation-ready for the upcoming licence review, emphasizing the property's diversification and Singapore's strategic positioning as a resilient and well-regulated destination.
Financial Performance Amidst Expansion
While the expansion efforts have momentarily impacted Genting's financial performance, with a 17% decline in adjusted EBITDA and a 3% deduction in overall revenue, the company has witnessed a slight growth in non-gaming revenue. With strategic foresight and continued investments, Genting affirms its readiness to overcome current challenges and capitalize on emerging opportunities in the gaming and tourism sectors.