Genting Singapore eyes $1.6B debt raise from 2027

CreditSights, a fixed-income research firm, estimates that Genting Singapore could raise up to SGD 2 billion (approximately USD 1.56 billion) in debt starting from 2027. The purpose is to help fund the ongoing expansion of Resorts World Sentosa (RWS) in Singapore. CreditSights also noted a cautious view on the potential returns from this expansion investment.

The debt raise is projected to begin in 2027, which aligns with the capital expenditure timeline for the RWS expansion program. Genting Singapore would be expected to balance this new debt load against maintaining adequate cash reserves.

The scale of the debt raise signals how capital-intensive the next phase of Singapore's integrated resort (IR) development has become. SGD 2 billion in new debt is a material commitment for a single property operator, and it comes on top of whatever internal cash flows and existing facilities Genting Singapore is already deploying toward the expansion.