In Singapore, Resorts World Sentosa — which is under Genting Singapore — was undertaking a mega expansion of some $4.5 billion called RWS 2.0.
The Genting group was at the peak of an expansion cycle when the Covid-19 pandemic broke out. The group’s mainstay — Genting — was in the midst of constructing a US$4.3 billion ($5.7 billion) resort and casino in Las Vegas.
Its 49.5% associate, Genting Malaysia, was completing a US$800 million new outdoor theme park in Genting Highlands and a 400-room hotel in New York.
