Tag: genting singapore

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.

Singapore — Genting Singapore, the Singapore-based regional leisure, hospitality and integrated resorts development company, has been named Tan Hee Teck as its new chief executive officer.

Teck has been with the group since 2004 and has previously held the positions of president and chief operating officer for the company’s indirect wholly-owned subsidiary Resorts World at Sentosa.

In his new role, Teck is responsible for executing the board’s approved strategies, managing and developing Genting Singapore’s businesses, and providing leadership to the management team of the group to ensure effective day-to-day operational performance and organizational excellence.