Wednesday, June 26, 2024

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RWS 2.0 Waterfront construction starts in late 2024

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.

Hard Rock Hotel to close next month due to RWS’s expansion

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.

Genting Singapore 1Q23 earnings grow 220%, keeps enhancing RWS’ brand

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.

MBS, RWS casinos require patrons to be fully vaccinated

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. 

Malaysian with Covid-19 suspected of visiting RWS

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.

Casino closure “off the table” as RWG business surges, says Genting COO

Genting Malaysia Berhad’s President and Chief Operating Officer has assured shareholders that Genting casinos would remain operational due to several key factors.

Maybank optimistic about Genting Malaysia, after outperforming profit expectations in 1Q24

Genting Malaysia Berhad has reported a strong performance for the first quarter of 2024, a recent dispatch by brokerage firm Maybank states, with core net profit surpassing expectations due to lower-than-anticipated tax rates.

Genting Chairman: group open to UAE and Thailand IR investments

The Chairman of Genting Group, Lim Kok Thay, says that the company is open to pursuing an integrated resort opportunity in the United Arab Emirates and is awaiting more information to see about whether to bid for an IR development in Thailand.

Genting Singapore: ‘robust growth’ in 1Q24, revenue tops $580M

Genting Singapore experienced 'robust growth' in the first quarter of 2024, delivering revenue of $580 million and adjusted EBITDA of $273 million.

Non-gaming offerings to shield Genting from possible reduction in Chinese gamblers – Board of Directors

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.