(Bloomberg) — Singapore renewed Genting Singapore Ltd.’s casino license for a shortened two years after regulators said its tourism performance was “unsatisfactory”.
Singapore’s Gambling Regulatory Authority, which usually extends casino licenses for three years, said Genting’s Resorts World Sentosa had areas that “require rectification and substantial improvement” following a review. The casino’s new two-year term will begin from Feb. 6 with the next evaluation to take place in 2026.
Genting said the government’s evaluation, which took place between January 2021 and December 2023, coincided with the global Covid-19 pandemic, when the company faced “significant challenges”.
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