Genting Singapore is a Singapore registered company, incorporated in 1984 and listed on the Mainboard of the Singapore Exchange since December 2005 under the code G13, and a constituent of the Straits Times Index. Its principal activities are the development, management and operation of integrated resort destinations covering gaming, attractions, hospitality, MICE, leisure and entertainment. It owns and operates Resorts World Sentosa, which in January 2010 became the first integrated resort to open in Singapore after the company was awarded the licence to develop one of the country's integrated resorts in 2006. Attractions at the resort include Universal Studios Singapore and the Singapore Oceanarium. Its RWS 2.0 waterfront development broke ground in November 2024 and is targeted for completion by 2030, and in July 2026 it opened Four Points by Sheraton Singapore, Jurong.
Sign in to claim this listing and request a verified badge.
Sign in to claim
Seven candidates filed on Sunday for the 18 October election to replace Takeharu Yamanaka, and Yamanaka is one of them. The frontrunner, backed by four ruling and opposition parties, has ruled out an integrated resort, and the others oppose one, seven months before Japan opens applications for its two remaining licences.
Takeharu Yamanaka won in 2021 on a platform of killing the city's integrated resort bid, and did. He has now stepped down over a workplace harassment finding, weeks before a special election, in a country whose prime minister supports a second round of casino licensing and whose tourism agency will take applications from May 2027.
S&P Global has published a credit FAQ warning that Genting Bhd may not be able to defend its investment-grade rating while pursuing $10.5 billion of expansion in New York and Singapore. Fitch cut the group to the same rung on Monday. It now sits one notch above speculative grade with a negative outlook and, in S&P's words, no more buffer.
Gambling duties and casino tax brought the Inland Revenue Authority of Singapore S$3.6 billion in the year to March, growing faster than corporate income tax or stamp duty. The report does not separate the casino take from the duties, which limits what can be read into it about Marina Bay Sands and Resorts World Sentosa.
The financial outlook for global casino giant Genting Group remains "under pressure," according to a new report from credit analysis firm CreditSights.