Genting has already spent $1.57bn on expansion, termed a ‘mountain’ of lifestyle experiences
Genting has revealed that Resorts World Sentosa in Singapore generated revenue for the first quarter ended March 31 2026, at $607.6m, with Adjusted EBITDA of $179m.
The company revealed that it has already spent $1.57bn on its RWS 2.0 project, with the remaining capital for the US$5bn expansion will be invested gradually.
Dubbed a ‘mountain’ of lifestyle experiences, the project will include a waterfront promenade, a four-storey retail and entertainment complex, along with two luxury hotels adding 700 rooms to its existing portfolio. It is set to open by 2030.
Genting Singapore CEO Tan Hee Teck said: “This upcoming development project is like no other before it in Singapore or the region and will be a must-visit in the global tourism landscape. This striking structure will be set within a generous open waterfront park that will revitalise Singapore’s skyline”
The centerpiece will be an 88m-tall light sculpture and an ‘immersive, experiential mountain trail’ that will take visitors up to a ‘summit with panoramic views of the Greater Southern Waterfront and Singapore’s Central Business District.
The operator said: “Steady operational progress was made in the quarter, with gaming revenue showing improving momentum towards the end of the period. Non-gaming revenue increased year-on-year, supported by higher visitation to key attractions including Universal Studios Singapore and the Singapore Oceanarium at Resorts World Sentosa.”
“The ongoing conflict in the Middle East and current geopolitical developments have increased cost pressures across supply chains, including higher energy, freight and logistics expenses, while elevated airfares are weighing on travel demand and dampening consumer sentiments. The Group is proactively addressing these challenges while also seeking to capture opportunities through targeted programming and market-focused initiatives.”
“The Group remains focused on asset optimisation to enhance guest experience and broaden revenue streams. To that end, the Group delivered seasonal events and promotions to enhance resort vibrancy and guest engagement, and refreshed lifestyle and dining concepts, which include the April openings of BODHI Spa at The Laurus, QUAN Hotpot and new tenants such as People People Brewing Co. The launch of attraction season passes added to the Group’s product offerings and value proposition, which will drive repeat visitation.”
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Genting has already spent $1.57bn on expansion, termed a ‘mountain’ of lifestyle experiences Genting has revealed that Resorts World Sentosa in Singapore generated revenue for the first quarter ended March 31 2026, at $607.6m, with Adjusted EBITDA of $179m. The company revealed that it has already spent $1.57bn on its RWS 2.0 project, with the…
The post Resorts World Sentosa makes steady progress in its first quarter, with focus on RWS 2.0 project appeared first on G3 Newswire.