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Genting Singapore inks new deal for $4.5 bil expansion of Resorts World Sentosa; exclusivity period for IR extended to end-2030

Stanislaus Jude Chan
Stanislaus Jude Chan4/3/2019 07:36 PM GMT+08  • 3 min read
Genting Singapore inks new deal for $4.5 bil expansion of Resorts World Sentosa; exclusivity period for IR extended to end-2030
SINGAPORE (Apr 3): Genting Singapore is committing to an investment of some $4.5 billion for the expansion of the integrated resort (IR) at Resorts World Sentosa (RWS), which will see the property increase its gross floor area by approximately 50%.
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SINGAPORE (Apr 3): Genting Singapore is committing to an investment of some $4.5 billion for the expansion of the integrated resort (IR) at Resorts World Sentosa (RWS), which will see the property increase its gross floor area by approximately 50%.

In view of the substantial investment and to provide business certainty, the government has agreed to extend the exclusivity period for the two casinos at RWS and Marina Bay Sands to end-2030. Authorities add that no other casinos will be introduced during this period.

Genting Singapore’s indirect wholly-owned subsidiary, Resorts World at Sentosa (RWSPL), on Wednesday entered into the second supplemental agreement with Sentosa Development Corporation (SDC).

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