{"id":777020813,"date":"2024-11-19T08:51:20","date_gmt":"2024-11-19T11:51:20","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777020813"},"modified":"2026-04-22T04:05:10","modified_gmt":"2026-04-22T07:05:10","slug":"singapore-casinos-gra-renews-resorts-world-sentosa-licence","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/singapore-casinos-gra-renews-resorts-world-sentosa-licence","title":{"rendered":"Singapore casinos: GRA renews Resorts World Sentosa licence"},"content":{"rendered":"\n

The casino licence has been renewed for only two years due to “unsatisfactory” tourism performance.<\/p>\n\n\n\n\n\n\n\n

Singapore.- The Gambling Regulatory Authority (GRA)<\/strong>\u00a0has renewed the casino licence of Resorts World Sentosa (RWS)<\/strong> for two years from February 6, 2025. The renewal would normally be for three years, but the Evaluation Panel considered that RWS\u2019s tourism performance<\/strong> for January 1, 2021, to December 31, 2023, was “unsatisfactory, with a number of areas that require rectification and substantial improvement.”<\/p>\n\n\n\n

Under Regulation 5 of the Casino Control<\/a> (Casino Licence and Fees) Regulations 2009, the GRA has the authority to define a licence duration that is less than three years. A new evaluation will be carried out in 2026.<\/p>\n\n\n\n

The GRA said it will continue to work with the Ministry of Trade & Industry, the Singapore Tourism Board and the casino operator, to “ensure that RWS meets the requirement to develop, maintain and promote its IR as a compelling tourist destination.” <\/p>\n\n\n\n

Last December, the GRA fined RWS SG$2.25m (US$1.68m)<\/a> for lapses in customer due diligence measures for certain transactions. Between December 2016 and December 2019, the IR failed to carry out the customer due diligence checks required on deposits of SG$5,000 to customer accounts. RWS says it took corrective action to improve its processes and used an independent party to review its standard operating procedures and corporate culture.<\/p>\n\n\n\n

Resorts World Sentosa Waterfront development to be completed by 2030<\/h2>\n\n\n\n

Genting Singapore<\/strong> has forecast that work on the RWS 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\u2019s commitment to enhancing Singapore\u2019s standing as a global lifestyle destination.<\/p>\n\n\n\n

RWS the plans in 2019 as part of its \u201cRWS 2.0\u201d 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\u2019s 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

See also:<\/strong> Genting Singapore posts revenue of US$423.5m for Q3<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The casino licence has been renewed for only two years due to “unsatisfactory” tourism performance.<\/p>\n","protected":false},"author":176,"featured_media":12624,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Gambling Regulatory Authority (GRA) has renewed Resorts World Sentosa's (RWS) casino license for only two years, citing \"unsatisfactory\" tourism performance and requiring substantial improvements. This decision follows a prior SG$2.25m fine for customer due diligence lapses, while RWS proceeds with a SG$6.8bn \"RWS 2.0\" expansion project aimed at enhancing Singapore's global lifestyle destination appeal. A new evaluation is scheduled for 2026 to assess RWS's progress.","focusai_entities":"Gambling Regulatory Authority (GRA), Resorts World Sentosa (RWS), Ministry of Trade & Industry, Singapore Tourism Board, Genting Singapore, Tan Hee Teck","focusai_location":"Singapore","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), tech_data (0.7), marketing_crm (0.7), payments_fraud_aml (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"RWS 2.0 ROI?","query":"How will the SG$6.8bn \"RWS 2.0\" expansion specifically address the GRA's concerns regarding \"unsatisfactory\" tourism performance and what is the projected ROI given the reduced license tenure?"},{"label":"GRA's Performance Metrics?","query":"What specific, quantifiable performance metrics does the Gambling Regulatory Authority (GRA) utilize to assess \"satisfactory\" tourism performance for integrated resort operators, and how will these be applied in the 2026 evaluation?"}],"footnotes":""},"categories":[28,16333],"tags":[24413,23687,23632,23907,21162],"class_list":["post-777020813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-south-east-asia-news","tag-gambling-regulatory-authority","tag-genting-singapore","tag-integrated-resorts","tag-land-based-casino","tag-resorts-world-sentosa"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777020813"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020813\/revisions"}],"predecessor-version":[{"id":777020836,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020813\/revisions\/777020836"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12624"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777020813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777020813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777020813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}