With the reopening of the Genting Highlands theme park and revamp of Resorts World Sentosa, UOB-Kay Hian expects Genting Bhd.’s earnings to return to pre-pandemic levels next year with a net profit of 1.65 billion ringgit, compared to a 2022 net profit forecast of 312 million ringgit. Built on a site of over 100,000 square meters atop a mountain that’s more than 1,800 meters above sea level, Genting Skyworlds, which was redeveloped at a cost of $800 million, offers tourists 26 adventure and movie-inspired rides and attractions. “We are confident that Resorts World Sentosa will be well positioned to lead the recovery of Singapore’s tourism as borders gradually reopen,” Resorts World Sentosa CEO Tan Hee Teck said in a statement on February 17 when he announced the S$400 million ($298 million) makeover of the casino resort expansion of its theme park with new attractions such as Minion Land and Singapore Oceanarium.Īcross the causeway, Genting Malaysia had earlier this month reopened its upgraded theme park on Genting Highlands, about an hour’s drive north of the Malaysian capital of Kuala Lumpur. A Universal Studios world globe is displayed at Genting's Resorts World Sentosa.