Singapore – The board of directors of Genting Singapore has approved a S$6.8b investment to propel its integrated resorts brand Resorts World Sentosa as a premiere tourist destination in Asia.
“We are confident that this investment will firmly anchor RWS as the most sought-after tourism destination in Asia, and propel the Group’s strong future growth. This investment will be funded through internal resources,” the company recently stated.
According to the company, its development on The Waterfront has received government’s provisional permission with construction set to commence in 2024. Moreover, it will comprise approximately 700 hotel keys and experiential lifestyle content in a captivating blend of biophilic architecture that is designed by award winning firm Benoy.
In addition, the transformation of the Forum, the Minion Land in Universal Studios Singapore and the Singapore Oceanarium spaces are progressing well and expected to soft open in early 2025.
The new announcements comes after Genting Singapore recently announced the results of its third business quarter earnings, which saw benefit from the sustained recovery of travel and tourism as it grew 31% quarter-on-quarter to $350.4 million.
