On a landmark Friday, November fifteenth, the grounds of Resorts World Sentosa (RWS) turned the point of interest of a serious development in Singapore’s hospitality and leisure sector. The initiation of a SG$6.8 billion (US$5 billion) waterfront growth was marked by a particular groundbreaking ceremony. Led by notable figures together with RWS CEO Tan Hee Teck and Minister of State for Trade and Industry, and Culture, Community and Youth Alvin Tan, the occasion was a proper graduation and a celebration of future potentialities. Highlighting the ceremony was the planting of Hopea odorata saplings, a species indigenous to Singapore. This act is deeply symbolic, reflecting RWS’s dedication to sustainability and integrating native pure components into its expansive growth plans.
Expansive plans for development and innovation:
This formidable mission, often known as RWS 2.0, guarantees to considerably improve the built-in resort’s services. It goals so as to add roughly 700 new resort rooms, thereby creating a surprising gateway to each RWS and the brand new Greater Southern Waterfront precinct. Moreover, the growth features a substantial replace to Universal Studios Singapore with the introduction of Illumination’s Minion Land—an immersive themed zone designed to captivate guests. Additionally, the S.E.A. Aquarium is ready for a serious growth, with plans to triple in dimension and endure a metamorphosis into the Singapore Oceanarium. These points of interest, together with Minion Land and the Singapore Oceanarium, are anticipated to start welcoming guests in early 2025, marking the primary part of the broader growth mission.
Further insights into the event had been shared in Genting Singapore’s current third-quarter enterprise overview. The firm has begun the waterfront growth this month after securing a building contract. The plan contains the development of two new luxurious lodges that promise to reinforce the resort’s luxurious lodging considerably. This part additionally encompasses a variety of new leisure experiences, together with further retail and eating choices to enhance the present services.
Despite the intensive developments, the monetary facet of Genting Singapore noticed a combined quarter. According to Australasian Leisure Management, the report famous a 19% decline in whole income to S$562 million, with gaming income experiencing a sharper fall of 28% year-on-year at S$330 million. Conversely, non-gaming income displayed resilience with a modest enhance of two% to $231.8 million, an encouraging signal amidst the total closure of the built-in resort’s Hard Rock Hotel for renovations and the S.E.A. Aquarium’s periodic two-day closures because it transitions to the Singapore Oceanarium.
A imaginative and prescient for the longer term:
Genting Singapore’s Executive Chairman, Lim Kok Thay, conveyed optimism concerning the waterfront growth in the 2023 Annual Report. Describing the reinvestment as an “incredible opportunity to upscale” the RWS built-in resort expertise, he outlined the mission’s phased nature, set to roll out over the following eight years. As reported by Inside Asian Gaming, back in March 2024, he stated: “The Waterfront development has received the government’s provisional permission and construction is set to commence in late 2024.”
The upcoming points of interest are poised to considerably improve RWS’s attraction to a world viewers. The addition of Asia’s first Harry Potter: Visions of Magic later this month and the longer term introduction of Super Nintendo World at Universal Studios Singapore are anticipated to bolster each the profile and the profitability of the resort.
