The Waterfront Development in Resorts World Sentosa (RWS) has received the government’s provisional permission, and construction is set to commence in late 2024, notes in the annual report of Genting Singapore.

Singapore’s integrated resort, Resorts World Sentosa (RWS), has announced that the Hard Rock Hotel Singapore will no longer operate under the Hard Rock brand name as of March 2nd.

Integrated resort operator Genting Singapore reported a 220 percent increase in its net profit after taxation to SGD129 million ($97 million) for the first quarter ended Mar 31, 2023, from SGD40.4 million ($30.3 million) in the same period one year ago.

Singapore’s two integrated resorts, Marina Bay Sands and Resorts World Sentosa have announced tightened entry requirements into their properties, which they say are in line with the government’s latest efforts. 

Singapore authorities are investigating the case of a Malaysian truck driver, who tested positive for Covid-19, and who visited Genting Singapore's Resorts World Sentosa casino.

In a response to shareholders questions ahead of its board meeting, Genting Singapore stated that the improvement in Chinese arrivals is expected to contribute positively to its performance and touted future non-gaming offerings as a response to the warning issued by Chinese authorities for the country's citizens to avoid gaming in the city-state.

PAGCOR’s Chairman and CEO, Alejandro H. Tengco, says that he’s most excited about the growth in the eGaming sector in the Philippines, with expectations that gross gaming revenue generated from the segment could even top that of its land-based casinos. The official also laid out the sale plans for Casino Filipino, saying they haven’t yet settled on a final price.

Although maintaining a ‘cautiously optimistic’ outlook for Genting Singapore in 2024, Maybank cuts its EBITDA and core net profit estimates by 6 percent and 11-12 percent, respectively.

Genting Singapore has announced a net profit of SG$611.6 million ($456 million) for the fiscal year 2023, which concluded on December 31st, marking an 80 percent increase year-over-year.

The new management at Sands China is focused on cutting down overall costs while also maintaining customers, notes gaming consultant Sudhir Kalé. Grant Chum, the new CEO of the company replaces Robert Goldstein, while also getting the role of President - as Wilfred Wong was elevated.