Genting Singapore in talks with government on boosting visitor arrivals

It eyes revamping Resorts World Sentosa.

Despite posting decent results in the first six months of the year, Genting Singapore remains cautious on its business outlook and looks forward to partnering with the government to boost visitor arrivals.

According to UOB Kay Hian analyst Vincent Khoo, Genting Singapore is working on a 5-year roadmap to strengthen Resorts World Sentosa's appeal as a lifestyle destination.

"No details have been revealed but management shared that it is currently in talks with government on the matter and hopeful to provide more information by end-2017," the analyst said.

Meanwhile, Genting Singapore cited uncertainties at its target markets such as China tightening policy on capital outflow, and Malaysia market sentiment possibly being affected by the upcoming election and continuously weak ringgit.