Singapore has renewed Genting Singapore Ltd.’s casino license for a shortened two-year term, citing “unsatisfactory” tourism performance at its Resorts World Sentosa. Typically, the Gambling Regulatory Authority extends casino licenses for three years, but the review revealed areas within Resorts World Sentosa that “require rectification and substantial improvement.” The new license period will commence on February 6, with a follow-up evaluation scheduled for 2026.
Genting stated that the government’s evaluation, covering the period from January 2021 to December 2023, took place during the global Covid-19 pandemic, a time when the company faced “significant…
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