Genting Singapore’s Q3 2025 Surge: RWS 2.0 Drives Record Results and Unveils a Vision for Future Growth

Genting Singapore Limited (GENS), the owner and operator of the world-class Resorts World Sentosa (RWS) in Singapore, has released its Quarterly Business Overview for the third quarter ended September 30, 2025 (Q3 2025). The report paints a picture of accelerated recovery and strong financial momentum, largely powered by the ongoing expansion of the integrated resort under the ambitious RWS 2.0 plan.

Here is a detailed breakdown of the key takeaways from the Q3 2025 report and what it means for the company’s future.

1. Financial Performance: All Engines Go

The Q3 2025 results demonstrate Genting Singapore is successfully capitalizing on the regional tourism recovery. The Group delivered robust growth across all major financial metrics, both year-on-year (YoY) and quarter-on-quarter (QoQ).

• Strong Profitability: Net Profit soared by 44% compared to the third quarter of 2024, reaching S$165.8 million.

• Non-Gaming’s Sharp Jump: While Gaming revenue saw a strong 22% YoY increase, the most significant QoQ growth was in the Non-Gaming segment, which accelerated by 33% from the second quarter of 2025. This highlights the success of efforts to diversify and enhance RWS’s appeal beyond the casino floor.

2. Non-Gaming: Entertainment and Lifestyle Drives Growth

The report attributes the strong non-gaming momentum to high-profile Mice (Meetings, Incentives, Conventions, and Exhibitions) events and a vibrant array of entertainment offerings.

• Major Events: The Group successfully hosted significant events in Q3 2025, including the ‘Harry Potter: Visions of Magic’ multimedia art experience and ‘Singapore Smash 2026’.

• The WEAVE Relaunch: The former ‘The Forum’ area was transformed and relaunched as WEAVE on November 20, 2025, bringing in new, premium lifestyle and dining concepts. Notably, this includes two distinct concepts by Michelin-starred Chef Paul Pairet: Moutarde (a relaxed, refined bistro) and Sundae Royale (an ice cream parlour).

3. RWS 2.0 Expansion: The Future is Taking Shape

The multi-billion-dollar RWS 2.0 expansion continues to progress well, with major elements on track for launch in the near future. This investment aims to progressively transform RWS into a top-tier, sustainable tourism destination.

• Theme Park Enhancements: Illumination’s Minion Land at Universal Studios Singapore is nearing completion. Even more exciting, major construction works are progressing for Super Nintendo World at Universal Studios Singapore.

• Singapore Oceanarium (SGO): The refurbishment and expansion of the S.E.A. Aquarium, which is being rebranded as the Singapore Oceanarium (SGO), is progressing well. A soft opening is anticipated for the first half of 2026.

• Luxury Hospitality: The construction of a new luxury all-suite hotel, which will replace the former Hard Rock Hotel Singapore, is also on track for a soft opening in the first half of 2026.

• Waterfront Landmark: Major works are advancing along the waterfront, which will feature an 88-metre iconic light sculpture designed by Heatherwick Studio.

4. Outlook and Investment Perspective

The company’s outlook for the end of 2025 and moving into 2026 remains highly positive.

• Themed Partnership: RWS is leveraging key partnerships to boost visitor numbers. The resort is celebrating the festive season with “Season for Good”, a large-scale, resort-wide activation inspired by the upcoming movie Wicked: For Good. This activation is a collaboration with Universal Pictures, the Singapore Tourism Board, Sentosa Development Corporation, and DBS Bank.

• Sustained Momentum: This activation is expected to elevate destination vibrancy, support continued growth in visitorship, and sustain strong business momentum into 2026.

• Investment Quality: From an investor standpoint, Genting Singapore remains a constituent stock on both the MSCI SG IMI High Dividend Yield Index (USD) and the MSCI SG IMI Quality Index (USD). These indices recognize companies with high, sustainable dividend yields and quality growth characteristics, suggesting a favorable investment profile.

Genting Singapore’s Q3 2025 results underscore the success of its strategy to ride the tourism recovery wave while aggressively moving forward with the RWS 2.0 expansion. With major new attractions like Minion Land, the Singapore Oceanarium, a new luxury hotel, and the impressive waterfront development all scheduled for phased openings, the company is positioning RWS for a significant leap in capacity and visitor appeal in the years to come. The investment in lifestyle and entertainment is clearly paying off, setting the stage for even stronger performance as the new RWS 2.0 attractions come fully online.