Genting Singapore Limited (SGX:G13): Share Price, New York Casino Catalyst and Q4 2025 Outlook as of 2 December 2025

Singapore – 2 December 2025

Genting Singapore Limited, owner of Resorts World Sentosa (RWS), is back in the spotlight as its share price trades around S$0.75–0.76 and its parent group secures a coveted full casino licence in New York City — a development that could indirectly reshape expectations for Genting Singapore’s dividends and long‑term growth story. ^[1]

Below is a structured look at all the key news, analyst forecasts and market signals relevant to Genting Singapore stock as of 2 December 2025.

Genting Singapore share price today: trading around S$0.75–0.76

Real‑time data providers show Genting Singapore trading modestly higher in early Tuesday trade:

S$0.755 at 09:21 SGT, up 0.67% on the day. ^[2]
S$0.750 around midday, with SGinvestors quoting that level as the live price at 11:59. ^[3]

A separate technical service notes the stock closed at S$0.750 on Monday, 1 December 2025, down 1.32% from S$0.760, with intraday volatility of about 2%. ^[4]

At this price range, Genting Singapore’s:

Market capitalisation is about S$9.06 billion,
Trailing P/E is roughly 19.8x,
Price‑to‑book is about 1.1x, and
Enterprise value / EBITDA sits near 7.1x, with effectively no net debt (debt‑to‑equity ~0). ^[5]

Beansprout’s performance tracker highlights that despite a recent bounce, Genting Singapore has underperformed the broader Singapore market over 1‑ and 5‑year horizons, with the stock down mid‑single digits over 12 months while the market is up double digits. ^[6]

Operational backdrop: weak 1H 2025, strong Q3 2025 “reset”

The picture for 2025 so far is clearly “Jekyll and Hyde”:

1Q 2025 – Renovations bite

Inside Asian Gaming summarised a soft first quarter:

Revenue: S$626.2 million, down 20% year‑on‑year.
Gaming revenue: S$437.5m, down 24% YoY.
Non‑gaming revenue: S$188.5m, down 10% YoY.
Adjusted EBITDA: S$235.8m, down 36% YoY.
Net income: S$145.0m, down 41% YoY. ^[7]

Management and analysts blamed:

Lower hotel room inventory during major refurbishment works,
Ongoing RWS 2.0 upgrading, and
A softer macro environment and strong Singapore dollar that weighed on tourism consumption. ^[8]

3Q 2025 – RWS 2.0 starts to pay off

By the September quarter, the story looked very different. Across Asia‑gaming media and brokerage notes, key highlights include:

Revenue: S$649.8 million, +16% YoY. ^[9]
Adjusted EBITDA: around S$222–223 million, +36% YoY, signalling strong operating leverage. ^[10]
Net profit: about S$94.6 million, +19% YoY, and up mid‑teens quarter‑on‑quarter. ^[11]
Gaming revenue reportedly rose about 22% YoY to S$402.3 million, with mass‑market gaming recovering and VIP rolling volume improving after a softer first half. ^[12]

Driving this recovery:

Re‑opening and expansion of key attractions
- The old S.E.A. Aquarium has been upgraded and rebranded as the Singapore Oceanarium.
- WEAVE, a retail and dining precinct with ~40 stores, has opened.
- RWS is progressively opening The Laurus, an all‑suite luxury hotel operated with Marriott, with rooms phased in from October. ^[13]
Shift in mix toward mass and non‑gaming
- Maybank notes that mass‑market GGR rose ~5% QoQ, while non‑gaming revenue jumped about 33% QoQ and 7% YoY, helped by the upgraded attractions. ^[14]
- VIP volumes actually eased slightly (~5% QoQ), partly due to aggressive promotional allowances from rival Marina Bay Sands, but overall profitability still improved thanks to the stronger mass and non‑gaming base. ^[15]

The bottom line: Q3 confirms that the renovation‑related trough in Q2 is behind the company, validating earlier analyst expectations that earnings would ramp up as room inventory and attractions come back online. ^[16]

New leadership at Resorts World Sentosa: Chen Si officially on board

A crucial operational change landed exactly on 2 December 2025:

Industry outlet Inside Asian Gaming reports that Chen Si, former CEO of South Korea’s Inspire Entertainment Resort, has officially begun his role as Chief Operating Officer of Resorts World Sentosa. ^[17]
Genting Singapore had pre‑announced his appointment in October; his mandate includes overseeing day‑to‑day operations, organisational excellence and guest experience as RWS advances its long‑term RWS 2.0 transformation. ^[18]

Analysts see this hire as reinforcing RWS’s move upmarket toward:

Higher‑spending premium mass customers,
A more diversified non‑gaming platform (luxury rooms, retail, dining, attractions), and
A more clearly defined leadership bench following earlier senior departures. ^[19]

For equity investors, the COO change is a governance and execution story: RWS 2.0 is a S$6–7 billion multi‑year capex programme, and a credible operator running the site day‑to‑day is central to whether Genting Singapore can convert that spend into higher margins and sustained cash flow. ^[20]

Massive new catalyst at group level: New York casino licence secured

The headline macro‑catalyst on 2 December 2025 comes not directly from Genting Singapore, but from its wider group:

New York’s Gaming Facility Location Board has recommended Genting New York LLC (Resorts World New York City) as one of three winners of downstate New York full casino licences, in a 5–0 vote. Final sign‑off from the New York State Gaming Commission is expected by year‑end. ^[21]
Resorts World New York City plans to transform its existing slots‑only operation into a US$5.5 billion integrated resort with:
- up to 6,000 slot machines,
- 800 table games,
- about 2,000 hotel rooms,
- a 7,000‑seat entertainment venue, extensive F&B and public green space. ^[22]
Maybank estimates the expanded New York property could generate peak incremental net profit of about MYR1.93 billion in 2030, a four‑fold jump versus 2024 levels at Genting Malaysia. ^[23]

This does not directly sit in Genting Singapore, but matters because:

Genting Singapore is a cash‑rich listed subsidiary of Genting Bhd, alongside Genting Malaysia.
DBS and other brokers have argued that if Genting Malaysia proceeds with such a large US$5.5 billion capex programme, the group’s most likely funding support will be higher dividends upstreamed from Genting Singapore, given its net‑cash balance sheet and robust free cash flow. ^[24]

On the same day, The Business Times notes that the New York licence “buffers risks in Malaysia”, where Genting’s domestic casino faces political headwinds and there is explicit talk from opposition parties about shutting down casinos on religious grounds. ^[25]

For Genting Singapore shareholders, the New York news is therefore a second‑order but material catalyst:

It likely increases the strategic value of Genting Singapore’s cash and dividends to the parent.
If Genting Bhd chooses to lean on Singapore to help de‑risk the New York project, higher‑than‑expected dividends from Genting Singapore become a realistic scenario, as multiple analysts have flagged. ^[26]

Dividends: 5%+ yield today, and talk of more to come

On current numbers, Genting Singapore is quietly a high‑yielding blue chip:

Dividend data services show two payouts of S$0.02 per share in 2025, mirroring 2024. Total recent annual dividend: S$0.04 per share. ^[27]
With the stock around S$0.75–0.76, that implies a forward dividend yield of roughly 5.2–5.3%. ^[28]
Historical data shows Genting Singapore has steadily raised and normalised dividends post‑COVID, moving from token S$0.01 payouts to a consistent S$0.04 per year. ^[29]

Stocksguide and StockAnalysis both estimate:

Dividend yield: about 5.2–5.3%,
Dividend payout ratio (based on latest earnings): roughly 80–105%, depending on whether you look at FY2024 or trailing twelve months. ^[30]

DBS’ October 2025 report – widely cited in The Edge’s Broker’s Digest – assumes S$0.04 per share dividends for FY2025, flat year‑on‑year given “challenging operations”, but argues that any signal of payout above this level would be a positive re‑rating catalyst. The same note stresses that Genting Singapore’s strong net cash and free cash flow make higher dividends the most probable lever if the group needs funding support for New York. ^[31]

In short:

At today’s price, investors are being paid ~5%+ to wait, with a plausible upside scenario of higher distributions if group‑level financing demands materialise.

Analyst ratings and target prices as of 2 December 2025

Across the street, sentiment on Genting Singapore is generally constructive, though not euphoric.

Broker target prices

Beansprout aggregates broker estimates and reports a consensus target price of S$0.953, implying ~26% upside from the current S$0.755 quote as of 2 December 2025. ^[32]

Named broker targets from Beansprout and SGinvestors include: ^[33]

CGSI Research – ADD / Add rating, S$1.05 target.
Maybank Research – BUY, S$1.00–1.01 target.
OCBC Investment – BUY, S$0.96–1.03 target in recent reports.
UOB Kay Hian – BUY, S$0.89–0.90 target (trimmed from S$1.12 earlier in the year).
DBS Group Research – HOLD, S$0.80 target, emphasising the possibility that the parent could tap Genting Singapore for higher dividends. ^[34]

SGinvestors calculates that across recent reports, the average 12‑month target sits around S$0.897, or almost 20% above the current market price. ^[35]

International consensus services

Investing.com lists 16 analyst ratings with an average target price around S$0.88–0.89, high near S$1.03 and low near S$0.70. The overall consensus rating is “Buy”, with a skew toward Buy and Neutral, and only one Sell. ^[36]
TradingView’s summary page similarly shows a 1‑year price forecast around S$0.89, with a maximum target of S$1.07 and minimum S$0.70. ^[37]
TipRanks, which tracks fewer local brokers, currently shows one analyst rating Genting Singapore as “Hold” with a S$1.00 target, but the small sample size makes this less representative. ^[38]

Taken together, most formal 12‑month targets cluster roughly between S$0.88 and S$1.00, with outliers up to ~S$1.05–1.07 and a single more cautious S$0.80 call.

Technical view: short‑term “buy candidate” inside a horizontal range

For traders watching Genting Singapore’s short‑term price action rather than decade‑long fundamentals, StockInvest.us offers a detailed technical read as of the close on 1 December 2025: ^[39]

Last close: S$0.750, down 1.32% on the day.
The stock has fallen in 5 of the last 10 sessions and is down about 4.5% over that period.
It is trading inside a horizontal consolidation band; their system estimates a 90% probability that the stock trades between roughly S$0.734 and S$0.81 over the next three months, absent a break‑out.
Both short‑ and long‑term moving averages point to a mild “buy signal”, with the short MA above the long MA.
There is notable volume‑on‑down‑day behaviour, which the model flags as a risk factor requiring closer monitoring.
Key levels they highlight:
- Short‑term support near S$0.74,
- Resistance around S$0.755–0.76,
- Suggested stop‑loss (for traders) near S$0.716.

The site’s overall conclusion labels Genting Singapore a short‑term “buy candidate”, but with medium volatility and a risk/reward profile that looks more attractive closer to support than near resistance. ^[40]

This is algorithmic technical commentary, not fundamental research, but it aligns with the broader picture: the stock is range‑bound, relatively liquid and not especially volatile by equity‑market standards.

Balance sheet and profitability: cash‑rich but not cheap on earnings

Latest ratio data compiled by StockAnalysis gives a useful snapshot of Genting Singapore’s financial profile as of 2025: ^[41]

Market cap: S$9.06 billion
Enterprise value: S$5.75 billion (implying substantial net cash)
Revenue: ~S$2.39 billion (latest full year)
P/E (trailing): ~19.8x
Forward P/E: ~16.6x
EV/EBITDA: ~7.1x
P/B: ~1.1x
Debt‑to‑equity: effectively 0; leverage metrics (debt/EBITDA) are negligible.
Dividend yield (TTM): ~5.3%
Payout ratio (TTM): just above 100%, reflecting dividends holding steady while FY2024 earnings dipped modestly.

Asia Gaming Brief previously reported that FY2024 earnings fell about 5% to S$433.1 million, underlining that while operations have recovered substantially from the pandemic, growth is not yet on a steep upward slope. ^[42]

This leaves Genting Singapore in an interesting spot:

Quality of balance sheet: very strong (net cash, high liquidity).
Quality of franchise: very strong (one of only two Singapore integrated resort licences).
Valuation: not “deep value” on earnings multiples, but arguably reasonable for a quasi‑monopoly tourism asset with a 5%+ yield and substantial real‑asset backing.

How analysts see 4Q 2025 and 2026

After the Q3 2025 beat, several sell‑side notes converged on a similar narrative:

Q4 2025 should be better than Q3, supported by: ^[43]
- The gradual ramp‑up of Laurus Hotel (183 suites) from October onwards.
- A full quarter of Singapore Oceanarium and WEAVE operations.
- Seasonal year‑end tourism flows, especially from North Asia.
Margin recovery
- As new attractions stabilise and staff hiring normalises, analysts expect EBITDA margins to improve from the renovation‑hit lows earlier in the year.
- Maybank characterises Q3 as a “meaningful recovery” from Q2’s trough, and keeps a Buy call with a S$1.00 target. ^[44]
Medium‑term (2026–2030) growth drivers
- Full RWS 2.0 build‑out (including major new themed areas such as Super Nintendo World at Universal Studios Singapore and a new waterfront expansion) is expected to underpin incremental visitation and higher premium‑mass spend toward 2030. ^[45]
- Genting’s global portfolio – now including a full‑licence New York property – offers cross‑marketing and VIP relationship benefits, though the synergies for Singapore are more qualitative than easily quantifiable. ^[46]
Dividends likely stable in 2025, with upside optionality
- Most houses model S$0.04 per share in dividends for FY2025, flat versus FY2024, in the base case. ^[47]
- The upside scenario remains the same: if Genting Bhd leans on Genting Singapore to help fund the New York expansion or other group initiatives, dividends could rise above consensus, even if operations remain “only” steady at RWS. ^[48]

Key risks and what to watch

No equity story is just sunshine and free buffets. The main risk flags around Genting Singapore today include:

Competitive pressure from Marina Bay Sands (MBS)
- MBS has completed its own room refurbishments and continues to push aggressively in the VIP and premium mass segments. Q3 commentary suggests MBS’s promotional allowances and higher rebates have already tempered Genting’s VIP volumes. ^[49]
Execution risk on RWS 2.0
- RWS 2.0 is a multi‑billion‑dollar, multi‑year capex programme. Delays, cost overruns, or attractions that don’t resonate with visitors would weigh on returns. ^[50]
Macro and tourism cycles
- Genting Singapore is highly leveraged to regional travel flows, particularly from China and the rest of ASEAN. A sharp slowdown, new travel restrictions, or currency swings could dent mass‑market and non‑gaming revenues. ^[51]
Group‑level capital allocation
- Higher upstream dividends to support New York or other projects could be good for short‑term yield, but reduce the buffer for future capex or downturns at RWS. Investors will be watching payout ratios and cash balances closely in upcoming results. ^[52]
Regulatory and ESG considerations
- Singapore’s gaming regulators are strict, and global gaming is under close ESG scrutiny. So far Genting Singapore has positioned itself as a high‑compliance, integrated‑resort operator with substantial non‑gaming content, but any regulatory shift or enforcement action could move the needle on valuation. ^[53]

Bottom line: how Genting Singapore stock looks on 2 December 2025

Putting it all together:

Price & valuation: Around S$0.75–0.76, Genting Singapore trades at about 16–20x earnings, ~1.1x book and a 5%+ dividend yield, with net cash and a unique, Tier‑1 gaming asset in Singapore. ^[54]
Fundamentals: Operationally, 2025 is clearly on a better trajectory than 2024 after the weak first half; Q3 showed a strong rebound in both gaming and non‑gaming lines. ^[55]
Catalysts:
- RWS 2.0 ramps up through 2026 and beyond.
- New COO leadership could enhance execution.
- Group‑level wins in New York materially improve Genting’s global growth profile and raise the probability that Genting Singapore’s cash becomes more valuable, potentially via higher dividends. ^[56]
Street view: Most analysts rate the stock Buy or equivalent, with consensus 12‑month targets roughly 20–25% above the current price, plus dividends on top. ^[57]

For investors and traders scanning Google News and Discover today, Genting Singapore is best understood as:

A cash‑rich, high‑yield Singapore blue chip in the middle of a multi‑year capex cycle, just as its wider group secures a huge new foothold in New York gaming — a combination that leaves the stock trading at a reasonable valuation with visible catalysts but also very real execution and macro risks.