Resorts World Sentosa has been fined S$2.25 million ($1.7 million) by the Singapore Gambling Regulatory Authority for failing to perform due diligence checks when receiving cash deposits. GRA already canceled the special employee licence for one of the employees involved in the breaches, and is conducting further investigations.

Resorts World Sentosa (RWS) has been fined S$2.25 million ($1.7 million) by the Singapore gaming regulator, the Gambling Regulatory Authority (GRA) for failing to perform due diligence checks.

Genting Singapore's Resorts World Sentosa saw strong results in the third quarter, with adjusted EBITDA rising by 31 percent, to $257 million, from the previous period. The group notes the rebound in tourism to the city-state has driven revenue up by a third compared to the same period of last year, with profit up nearly 60 percent.

In 3Q23, Genting Singapore’s Resorts World Sentosa (RWS) recorded encouraging results, with adjusted EBITDA growing 31 percent to SG$350.4 million ($257 million) from 2Q23.

A subsidiary of Genting Singapore has been granted provisional approval to develop some 700 hotel rooms and over 21,000 square meters in retail space at Resorts World Sentosa.

The forthcoming YOHO Treasure Island Resorts World Hotel, situated near Nam Vam Lake, has officially confirmed its grand opening date of December 15th this year.

Resorts World Cruises has added Vietnam and the Philippines as destinations for its Resorts World One five-night cruises departing from Hong Kong.

Chang Chee Pey, the former marketing chief of the Singapore Tourism Board (STB), has been appointed as the new Senior Vice President and Chief Experience Officer at Resorts World Sentosa (RWS).

The President of Resorts World Las Vegas, Scott Sibella has left the role for violating the company’s policies.

Although Genting Bhd has a high strategic incentive to support Resorts World Las Vegas (RWLV), the hotel and casino operator was downgraded by Fitch following the rating agency's re-assessment of its linkage with parent Genting Bhd. RWLV's senior secured and unsecured debt also suffered a cut, with Fitch assigning a negative outlook on the issuer.