Singapore, Jan 19, 2026, 15:22 SGT — Regular session.
Genting Singapore Ltd (SGX:G13) shares were down 0.7% at S$0.725 by 3:18 pm on Monday. 1
The operator of Resorts World Sentosa is trying to turn one-off visitors into repeat guests after years of redevelopment at the integrated resort — a casino-led leisure complex with hotels, attractions and retail. Its casino licence was renewed for two years from Feb. 6, 2025 after an “unsatisfactory” tourism performance assessment, with the next evaluation scheduled for later in 2026, the Straits Times reported. Rival Marina Bay Sands, controlled by Las Vegas Sands, has stayed busier, the report added. 2
Markets were also on the back foot after U.S. President Donald Trump threatened additional tariffs on several European nations in a dispute over Greenland, sending investors into traditional safe havens. “Markets are pricing in increased political risk premia on the U.S. dollar,” Khoon Goh, head of Asia research at ANZ in Singapore, told Reuters. 3
Singapore’s Straits Times Index was down 0.5% as of 1:50 pm, a Straits Times report said, as losses spread across Asian equities. 4
Resorts World Sentosa chief executive Lee Shi Ruh said the bulk of disruptive renovation work has been completed and the focus is now on rebuilding business. “There won’t be another wave of major closures,” she said, adding that “results don’t come through immediately”. Genting is spending about S$6.8 billion (US$5.28 billion) on the multi-year “RWS 2.0” expansion, which it expects to complete in 2030, GGRAsia reported. 5
For investors, the debate is less about the construction itself and more about payback. The non-gaming draw — attractions, hotels, dining and events — needs to lift time-on-site and spending even if casino volumes stay uneven.
Trading in the stock was steady rather than frantic. About 27.5 million shares had changed hands, and it traded between S$0.72 and S$0.73, according to MarketScreener data. 6
Traders will listen for signs that capital spending is peaking, and whether operating costs are settling after last year’s revamp. Hotel pricing and VIP (high-rolling) play will be the tells.
But the downside is still there. A softer tourism cycle or a stronger Singapore dollar could crimp gaming demand, while delays on the waterfront build-out would keep disruption risk alive.
Genting Singapore ended flat on Friday at S$0.73 and is due to report fourth-quarter and full-year results on Feb. 24, the Business Times said — the next clear catalyst for the stock. 7
