This article first appeared in The Edge Malaysia Weekly on November 25, 2024 – December 1, 2024
The sharp rebuke that the Gambling Regulatory Authority (GRA) of Singapore delivered to Resorts World Sentosa Pte Ltd (RWS) for an “unsatisfactory performance” in relation to its integrated resort (IR) comes as a surprise, considering that RWS has committed to investing billions in its facility there.
In April this year, Genting Singapore Ltd, which owns RWS, stated that it was committed to investing S$6.8 billion (RM22.6 billion) in upgrading the existing facilities as well as building new ones under the RWS2.0 programme over the next eight years.
But if anybody was expecting Genting Singapore’s experience of doing business in the island…
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