Genting Singapore appointed Lee Shi Ruh president and chief operating officer from 1 August, and she stepped down as the company’s chief financial officer. Ang Suat Ching assumed the CFO role alongside her existing duties as CFO of Resorts World Sentosa, the company said.
The appointments change the leadership and financial reporting responsibilities at Genting Singapore and Resorts World Sentosa.
The day’s most important stories, free. One email a day.
It was reported that Genting Singapore’s revenue declined 1% to SG$1.20bn during the opening half of 2026. Gaming income fell 4%, offsetting some growth from non-gaming operations.
Genting Singapore reported first-quarter 2026 profit of about SGD65.2 million, down 55% year on year, while revenue fell 3% to SGD607.6 million. Gaming revenue declined 7.8% to nearly SGD403.4 million, while non-gaming revenue rose 8.3% to SGD204.1 million; the company cited higher supply-chain costs and geopolitical pressures.
Genting Singapore said it is well-positioned for the next assessment of Resorts World Sentosa’s gaming licence, reportedly due for renewal in February 2027. The Gambling Regulatory Authority renewed the licence provisionally for two years in February 2024, rather than three, citing the resort’s performance from 2021 to 2023.
S&P Global Ratings revised its outlook on Genting Group to negative, citing continuing and planned capital investment in New York and Singapore, according to a report. The agency said Genting’s 2026 capital expenditure could double from RM6 billion in 2025, while its debt could rise towards RM35 billion by 2028 from RM21 billion in 2024.
Genting Bhd proposed a MYR1.25 billion rights issue in early October, primarily to reduce debt and provide working capital, the company said. Lim Kok Thay’s family undertook to subscribe for its full entitlement, representing 45% of the issue; underwriting for the balance was still to be finalised. The proposal comes as Genting pursues US$5.5 billion and US$5 billion resort projects in New York and Singapore respectively.
Genting Bhd proposed a MYR1.25bn rights issue in early October, primarily to reduce debt and provide working capital. The source valued the proposed issue at US$306m.