Genting Singapore names its new president/COO

Summary

Genting Singapore has appointed Lee Shi Ruh — formerly its chief financial officer and recent CEO of Resorts World Sentosa (RWS) — as president and chief operating officer, effective Friday. The role had been vacant for over three years and Lee will report to executive chairman and acting CEO Tan Sri Lim Kok Thay.

The company also named Ang Suat Ching as Genting Singapore’s new CFO; she will retain her role as CFO of Resorts World Sentosa.

Lee’s promotion comes as Genting Singapore seeks to reverse weaker trading: adjusted EBITDA fell to S$236m in Q1 (down 36% year‑on‑year) and hotel occupancy declined sharply. The group is banking on the ambitious S$6.8bn RWS 2.0 expansion — including new hotels, Minion Land, the Singapore Oceanarium and the Weave retail/lifestyle space — to boost visitor numbers through 2025 and beyond.

Source

Source: https://igamingbusiness.com/casino/integrated-resorts/genting-singapore-names-new-president-coo/

Key Points

• Lee Shi Ruh, former CFO and recent CEO of Resorts World Sentosa, is appointed president and COO of Genting Singapore.
• Ang Suat Ching will succeed Lee as Genting Singapore CFO while keeping her RWS CFO role.
• The president/COO role had been unfilled for more than three years.
• Lee will be responsible for executing strategic initiatives, operational performance and sustainable growth across the group.
• Genting Singapore reported a 36% year‑on‑year drop in adjusted EBITDA in Q1 (S$236m) and a sharp fall in hotel occupancy.
• The regulator granted RWS a two‑year licence renewal, citing unsatisfactory performance from 2021–23.
• RWS 2.0 — a S$6.8bn expansion including hotels, theme‑park additions and new retail/dining attractions — is the company’s key recovery bet, with phased openings through 2025 and completion expected by 2030.
• DBS retains a “buy” on Genting Singapore, expecting sequential margin improvement in H2 2025 as new attractions draw visitors.

Why should I read this?

Want the short version? Genting has plugged a big gap in its top team with an internal promotion — someone who knows RWS inside out — right as it rolls out a multi‑billion‑dollar expansion. If you follow Singapore resorts, casino leadership moves, or the financial recovery playbook behind major property rebrands, this is the update that tells you who’s running the show and why it matters.

Context and relevance

This appointment signals leadership continuity during a critical growth phase for Genting Singapore. The promotion of an insider suggests the group prefers steady execution over wholesale leadership change while it pursues RWS 2.0 to reverse recent weak trading. Investors and operators will watch how quickly new attractions translate into higher occupancy and improved EBITDA — factors that underpin regulator confidence and the company’s long‑term value case.

Author’s take

Punchy and to the point: this is a strategic internal hire at a pivotal moment. Lee’s promotion reduces executive uncertainty and aligns operational command with the flagship RWS expansion — but delivering on promised visitor uplift and financial recovery is now the real test.