• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

RWS to invest US$298mln in upgrade starting 2Q22

Feb 18, 2022 Newsdesk Latest News, Singapore, Top of the deck  


RWS to invest US$298mln in upgrade starting 2Q22

Casino complex Resorts World Sentosa (RWS), operated by Genting Singapore Ltd, will invest SGD400 million (US$297.8 million) in upgrading some of its attractions and refurbishing three existing hotels. “Construction will commence in the second quarter of 2022,” said Genting Singapore in a Thursday press release.

These enhancements are part of a SGD4.5-billion spending commitment by Genting Singapore, made to the Singapore government and announced in April 2019. It marks the start of the so-called “2.0” expansion of Resorts World Sentosa, as part of an arrangement that sees Genting Singapore keep until 2030 its half of Singapore’s casino duopoly.

The complex’s Universal Studios theme park will feature a new zone, called “Minion Land”.

The S.E.A. Aquarium will also be “significantly enhanced and rebranded as the Singapore Oceanarium,” said the release. The Singapore Oceanarium, described as three times bigger than the current S.E.A. Aquarium, should be completed by the end of 2024, the management of Resorts World Sentosa told GGRAsia last month.

Resorts World Sentosa said it would also be refurbishing three of its hotels: Hard Rock Hotel Singapore; Hotel Michael; and Festive Hotel, which collectively offer more than 1,200 rooms.

“These hotels will undergo renovation works in phases from the second quarter of 2022 through 2023,” said the promoter. A “refurbishment and upgrade” is also planned for the Resorts World Convention Centre, it added.

Brokerage Sanford C. Bernstein Ltd said in a Thursday note that the management of Resorts World Sentosa was “reworking some of the [expansion] project to focus on combining business and leisure offering to attract more premium customers.”

Resorts World Sentosa also said it would strengthen its “commitment to sustainability,” pledging to achieve carbon neutrality by 2030.

Thursday’s release quoted Tan Hee Teck, chief executive of Resorts World Sentosa, as saying: “With our upcoming Resorts World Sentosa 2.0 developments, we are confident that Resorts World Sentosa will be well-positioned to lead the recovery of Singapore’s tourism as borders gradually reopen.”

He added: “We are fortunate that Singapore has a comprehensive plan on reviving international travel in a safe manner and inspire travel to Singapore.”

The city-state is expanding the list of places able to participate in its vaccinated travel lane scheme, with officials saying it is part of a strategy for living with Covid-19 and the Omicron variant of the disease. From March 4, Singapore will start vaccinated travel lanes with Israel and the Philippines, according to Wednesday announcements by the country’s Ministry of Transport and the Civil Aviation Authority.

On Thursday, Genting Singapore reported net profit of SGD183.3 million in 2021, compared to SGD69.2 million the year before.


  • tweet
Related articles
  • Chinese comeback limited impact on Singapore IRs: bank
    Chinese comeback limited impact on...

    Jan 31, 2023  

  • LVS flags strong recovery in Macau, capacity bottlenecks
    LVS flags strong recovery in Macau,...

    Jan 26, 2023  

More news
  • Gaming-related crime in Macau down 30pct in 2022: police
    Gaming-related crime in Macau down...

    Feb 01, 2023  

  • Donaco posts US$1.3mln 4Q EBITDA, flags positive outlook
    Donaco posts US$1.3mln 4Q EBITDA, flags...

    Jan 31, 2023  


Latest News

Gaming-related crime in Macau down 30pct in 2022: police

Gaming-related crime in Macau down 30pct in 2022: police

Feb 01, 2023  

Macau recorded 965 “gaming-related” crimes in full-year 2022, down 29.7 percent on the 1,372 identified in the previous year, according to the latest statistics published on Tuesday by...
Read More
Donaco posts US$1.3mln 4Q EBITDA, flags positive outlook

Donaco posts US$1.3mln 4Q EBITDA, flags positive outlook

Jan 31, 2023  

Tak Chun execs knew illicit to settle proxy in Macau: trial

Tak Chun execs knew illicit to settle proxy in Macau: trial

Jan 31, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Momentum is expected to grow as mainland China recently reopened its borders, and this presents a substantial growth potential for us as historically a large portion of our clientele came from China”

Porntat Amatavivadhana

Non-executive chairman of Donaco International



Most Popular

  • Available Macau casino tables busy at tail of CNY holsAvailable Macau casino tables busy at tail of CNY hols January 27, 2023
  • Almost half million visitors to Macau for 7 days of CNY holsAlmost half million visitors to Macau for 7 days of CNY hols January 30, 2023
  • Macau visitor momentum kept for post CNY weekendMacau visitor momentum kept for post CNY weekend January 30, 2023
  • Macau CNY mass GGR maybe 60pct plus of CNY 2019: JPMMacau CNY mass GGR maybe 60pct plus of CNY 2019: JPM January 31, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us