The Business Times
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HOCK LOCK SIEW

Genting Singapore’s luck may turn in 2025

The renewal of its casino licence for a shorter two-year term adds to the uncertainties at the integrated resort operator, but a turnaround could come

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Ben Paul

Ben Paul

Published Thu, Nov 28, 2024 · 05:00 AM
    • Genting Singapore's recent weak performance came mainly from reduced wagers at the RWS casino, as well as a lower “win rate”.
    • Genting Singapore's recent weak performance came mainly from reduced wagers at the RWS casino, as well as a lower “win rate”. PHOTO: BT FILE

    RESORTS World Sentosa (RWS) broke ground on Nov 15 for a major new waterfront development that will include hotels, more retail and dining offerings and even an “immersive, experiential mountain trail”.

    The development is the centrepiece of the integrated resort’s (IR) so-called “RWS 2.0” expansion plan, which could drive its growth for the next several years.

    Fittingly, just three days after the ground-breaking event, Genting Singapore announced that the Gambling Regulatory Authority (GRA) had renewed RWS’ casino licence for another two years, starting from Feb 6, 2025.

    Hock Lock SiewGentingIntegrated Resorts

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