RWS’ casino licence renewed for only 2 years after tourism performance found ‘unsatisfactory’
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The renewal will take effect from Feb 6, 2025.
PHOTO: ST FILE
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SINGAPORE – Resorts World Sentosa’s (RWS) casino licence has been renewed for two years instead of three, after its tourism performance was found unsatisfactory by the authorities.
In a statement on Nov 18, the Gambling Regulatory Authority (GRA) said the renewal will take effect from Feb 6, 2025.
When contacted, a GRA spokesperson said this is the first time it has issued a casino licence with a tenure shorter than three years.
In deciding the new licence period, the agency said it took into account RWS’ ability to “develop, maintain and promote its integrated resort as a compelling tourist destination that meets prevailing market demand and industry standards”, among other factors.
An evaluation panel, appointed by the Minister for Trade and Industry, found that RWS’ tourism performance between 2021 and 2023 was “unsatisfactory”, and added that there were a number of areas that require “rectification and substantial improvement”.
GRA said it also considered the views of the Ministry of Trade and Industry (MTI), Singapore Tourism Board (STB) and Sentosa Development Corp (SDC).
In response to queries from The Straits Times, an MTI spokesperson said the ministry is “unable to disclose the details of RWS’ performance in relation to their licence renewal”.
The panel recommended that the next evaluation of RWS should take place in 2026, said the statement.
It added that the GRA will continue to work with MTI, STB and SDC to ensure that RWS develops, maintains and promotes its integrated resort as a compelling tourist destination.
Responding to the licence renewal, RWS operator Genting Singapore said in a statement on Nov 18 that the tourism industry in Singapore faced “very significant challenges” during the evaluation period, which coincided with the Covid-19 pandemic.
“RWS continues to accelerate its transformation to refresh and rejuvenate existing offerings to deepen its destination appeal and visitor experiences,” said Genting’s company secretary Liew Lan Hing.
RWS’ new $6.8 billion waterfront lifestyle complex
This will see the existing RWS property expanded by about 50 per cent, adding more than 164,000 sq m of new gross floor area.
