The waterfront development will include two new hotels with 700 rooms.<\/p>\n\n\n\n\n\n\n\n
Singapore.- Genting Singapore<\/strong> has forecast that work on the Resorts World Sentosa (RWS)<\/strong> waterfront promenade will be completed by 2030. The development will include the construction of a mountain trail, an 88m-tall light sculpture, new shops, restaurants and entertainment venues and two new 700-room hotels.<\/p>\n\n\n\n At a groundbreaking ceremony on Friday (November 15), Tan Hee Teck<\/strong>, RWS chief executive officer, said the development highlights the company’s commitment to enhancing Singapore’s standing as a global lifestyle destination.<\/p>\n\n\n\n Alvin Tan<\/strong>, Singapore’s minister of state for trade and industry, said: “I look forward to its completion and the unique experiences it will offer to both international and local visitors.”<\/p>\n\n\n\n RWS announced its plans to upgrade the waterfront in 2019 as part of its “RWS 2.0” expansion. At that time, the company indicated the expansion plan would cost SG$4.5bn (US$3.3bn). The estimate was later adjusted to SG$6.8bn to be invested over eight years. RWS’s gross floor area is projected to increase by 50 per cent, with over 164,000 square meters to be added.<\/p>\n\n\n\n For Q3, Genting Singapore posted revenue of SG$561.9m (US$423.5m), down 19 per cent\u00a0year-on-year<\/a>\u00a0and 2 per cent sequentially. The decrease was mainly attributed to a 28 per cent year-on-year drop in gaming revenue from the integrated resort (IR),\u00a0Resorts World Sentosa<\/strong> (RWS), to SG$330m (US$250m).<\/p>\n\n\n\n Non-gaming revenue was up 1 per cent year-on-year and 22 per cent sequentially to SG$231.8m (US$174.7m). Revenue from other segments, including the group\u2019s investment business and support services, rose by 2 per cent year-on-year to SG$144,000 (US$108,529).<\/p>\n\n\n\nGenting Singapore posts revenue of US$423.5m for Q3<\/h2>\n\n\n\n