Genting Singapore is preparing to start work on a waterfront development as part of Resorts World Sentosa’s S$6.8 billion ($5bn) expansion.
In a third-quarter business overview on 7 November, Genting Singapore said it will start building the integrated resort’s waterfront development this month after awarding the construction contract.
The site includes two new luxury hotels with 700 rooms, as well as entertainment experiences, and retail and dining outlets.
The first phase of the expansion, dubbed RWS 2.0, started in the second quarter of 2022.
Genting Singapore has also provided an update on other elements in the project, which will debut in phases, starting with the launch of Asia’s first Harry Potter: Visions of Magic experience later this month.
This will be followed by the opening of Universal Studios Singapore’s new Minion Land, which is on track to launch in the first quarter of 2025.
Inspired by Illumination’s Despicable Me and Minions franchises, the land will feature rides like ‘Despicable Me Minion Mayhem’ and a new carousel exclusive to Universal Studios Singapore called ‘Buggie Boogie’.
As for Genting Singapore’s financial results, the company reported a 19 percent decline in Q3 revenue to $561.9m. Gaming revenue was down 28 percent year-on-year at $330m.
Phased opening of RWS 2.0 project
However, non-gaming revenue increased by 2 percent to $231.8m, despite the full closure of the Hard Rock Hotel at RWS for renovation and rebranding, and the S.E.A. Aquarium’s weekly two-day closure for its transformation into the Singapore Oceanarium.
Around this time last year, Genting Singapore increased its investment in the RWS expansion from S$4.5bn ($2.8bn) to S$6.8bn ($5bn).
The company said the approved investment would “firmly anchor RWS as the most sought-after tourism destination in Asia, and propel the group’s strong future growth” (via Inside Asian Gaming).
As part of the RWS expansion, Universal Studios Singapore will also get a Super Nintendo World.
Images courtesy of Genting Singapore
