Genting Singapore appoints new COO as Resorts World Sentosa faces revenue decline

Can a new COO turn the tide for Resorts World Sentosa? Chen Si steps in as the iconic resort battles financial slumps and a major redevelopment push.

, and Administrator

2026 April 3 . 2:03 PM

1 min read

The image shows an aerial view of a resort on the beach, with a bridge on the left side, buildings,... — The image shows an aerial view of a resort on the beach, with a bridge on the left side, buildings, trees, hills and sky in the background, and a few people on the seashore. The resort is located in Koh Samui, Thailand.

Genting Singapore appoints new COO as Resorts World Sentosa faces revenue decline

Genting Singapore has named Chen Si as the new chief operating officer of Resorts World Sentosa (RWS). The appointment comes as the resort reports a drop in revenue for the first half of 2025. Meanwhile, the company's stock saw a slight rise on Tuesday, closing at S$0.74 per share.

Chen Si will take up his role at RWS on 1 December 2025. He joins from INSPIRE Entertainment Resort in South Korea, where he served as CEO. His replacement at INSPIRE will be Gyubum Ko, following Bain Capital's takeover of the resort in February.

With nearly 20 years of experience in gaming and hospitality, Chen Si will work alongside RWS CEO Lee Shi Ruh. His arrival coincides with Genting Singapore's ongoing RWS 2.0 redevelopment, which includes major renovations across Sentosa.

Financial figures for the first half of 2025 show a decline in RWS performance. Gaming revenue fell by 12% to S$839.4 million, while non-gaming revenue dropped 6% to S$374.7 million. Despite this, Genting Singapore's shares edged up by 1.38% on Tuesday.

Over the past five years, the company's stock has struggled, losing 42.31% since January. Its market cap now stands at 6.41 billion, lagging behind competitors like MGM Resorts and Wynn Resorts, which have shown stronger recovery trends.

Chen Si's appointment aims to bolster RWS as it faces revenue challenges and ongoing redevelopment. The resort's financial performance has weakened, but the slight share price increase suggests some investor confidence. His experience in gaming and hospitality will be key as Genting Singapore works to improve its market position.