Nearly 18 months after breaking ground, the US$5 billion expansion of Singapore’s Resorts World Sentosa (RWS) is “progressing on schedule” and on track to fulfil its 2030 opening date, according to Lim Kok Thay – the Executive Chairman and Acting CEO of owner Genting Singapore.
Lim’s comments formed part of his Chairman’s Statement in Genting Singapore’s 2025 Annual Report, published Tuesday, in which he also outlined his confidence in the potential of the group’s new-look management team following a spate of big-name departures.
Following Chief Casino Officer Andrew MacDonald’s sudden exit in late 2024 and the retirement of long-time RWS CEO Tan Hee Teck last year, Genting Singapore announced Lee Shi Ruh as the new CEO of Resorts World Sentosa Pte Ltd and as President and COO of Genting Singapore. Former INSPIRE CEO Chen Si has also joined as COO of RWS.
Noting that the company faced its challenges in 2025, in part due to the upgrade works that have been taking place across the existing property, Lim said he was looking forward to the new management team lending their expertise to a brighter short-term future.
“2025 was a defining transition year as we advanced a major phase of our asset refresh at RWS,” Lim said. “These investments reflect our long-term commitment to enhancing our competitiveness and elevating the guest experience.
“We have also reinforced our management bench with several key appointments, adding depth and energy at a pivotal stage of transformation. While the team is newly formed and will progressively build collective rhythm, I am confident in its ability to execute with discipline and realise the full potential of RWS 2.0.
“With more diverse and robust offerings, we are in a stronger position to welcome more visitors and appeal to a broader spectrum of guests in 2026. Our priority is to ramp up operations and enhance service delivery excellence. We will continue to pursue new opportunities through strategic partnerships to reinforce RWS as a leading destination that offers a distinctive combination of lifestyle, hospitality, entertainment, culture, and MICE experiences, driving steady performance improvements across all business segments.”
On the RWS 2.0 expansion project, Lim said, “The development of the second phase of RWS 2.0 is progressing on schedule. Our Waterfront Lifestyle Development, which broke ground in November 2024, is scheduled for completion in 2030. This landmark development will feature two new luxury hotels with 700 rooms, a four-storey retail and dining podium, an experiential mountain trail, and a waterfront promenade.
“At its heart will stand an 88-metre-tall light sculpture, conceived in collaboration with the internationally renowned design and architecture firm Heatherwick Studio, serving as a breathtaking centrepiece and must-visit attraction.
“By 2030, we will redefine Singapore’s lifestyle and tourism offerings with not only iconic biophilic architecture, but also new immersive experiences set against a spectacular sea view. Throughout this transformation, we remain focused on disciplined resource allocation while minimizing disruption to existing operations and reducing environmental impact.”
Genting Singapore reported a 17% year-on-year decline in Adjusted EBITDA in 2025 to SG$815.8 million (US$644 million) on a 3% decline in group-wide revenue to SG$2.45 billion (US$1.93 billion).
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