Genting Singapore has announced that it will invest a total of SG$6.8 billion (US$5 billion) in the expansion of its Singapore integrated resort and casino, Resorts World Sentosa (RWS) – a significant increase on the SG$4.5 billion (US$2.9 billion) investment first planned in 2019.
In a statement accompanying its 3Q23 financial results on Friday, Genting Singapore said it was confident the investment, which has been approved by its Board of Directors, would “firmly anchor RWS as the most sought-after tourism destination in Asia, and propel the Group’s strong future growth.”
The full SG$6.8 billion will be funded through internal resources, the company added, with the major expansion project alongside the waterfront of Sentosa Island having already received provisional government approval.
It will include the addition of 700 new hotel rooms plus “experiential lifestyle content in a captivating blend of biophilic architecture that is designed by award winning firm Benoy,” according to details contained in Friday’s announcement.
“Coupled with a striking new waterfront sculpture designed by Heatherwick Studio, it will transform Singapore’s skyline and form a monumental gateway to RWS and the new Greater Southern Waterfront precinct.”
Upgrade works on Resorts World Sentosa’s existing facilities are already well underway, with transformation of the Forum, Minion Land in Universal Studios Singapore and the Singapore Oceanarium “progressing well” and expected to soft open in early 2025.
The company previously revealed it was also upgrading around 1,200 hotel rooms across three of its hotels: Hard Rock Hotel Singapore, Hotel Michael and Festive Hotel.
