The multi-billion upgrades to be undertaken at RWS and Las Vegas Sands’ Marina Bay Sands are part of the expansion-for-exclusivity deal these two integrated resort operators signed with Singapore.
Genting Singapore says the capex for the upgrade and expansion of Resorts World Sentosa (RWS) has hit $6.8 billion. This is significantly higher than the $4.5 billion indicated in April 2019.
However, judging by how Genting Singapore (SGX:G13
) ’s share price has surged following the announcement, investors are looking beyond the capex increase with an eye to higher returns the expansion could bring.
