104831687
commented on a stock · May 29 15:20
$Genting Sing (G13.SG)$ people close maybe half a street for...
$Genting Sing (G13.SG)$ people close maybe half a street for renovation. this company closed off all the food outlets at sentosa, of cos the profit dropped
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High Profit Low Loss : cannot get manpower to manage those food stores, hahaha……
wisepawn : The situation with food stalls and dining options at Genting Singapore (specifically Resorts World Sentosa - RWS) is currently dynamic due to its RWS 2.0 transformation plan. This multi-year expansion and upgrade project is impacting various aspects of the resort, including its food and beverage (F&B) offerings.
Here's a summary of what's happening:
1. Renovation and Disruptions:
Ongoing Construction: As part of the RWS 2.0 transformation, there are ongoing construction and renovation works across the resort. This can lead to temporary closures or reconfigurations of existing F&B outlets and food courts.
Reduced Capacity: During renovation phases, some areas might have reduced capacity or limited options, as some outlets might be closed for upgrades or demolished to make way for new developments. This was mentioned in recent earnings reports as a reason for softer non-gaming business.
2. Introduction of New Dining Concepts ("WEAVE"):
New Lifestyle Destination: A major part of RWS 2.0 is the creation of "WEAVE," a new lifestyle destination replacing the former "The Forum" area. This new hub is set to open progressively from mid-2025 onwards.
Over 40 New Brands: WEAVE will feature over 40 unique concept stores, including many new culinary concepts and "new-to-Singapore" food brands. This indicates a significant overhaul and upgrade of the food offerings.
Examples of New F&B:
Maison Pierre Hermé Paris: A two-level Singapore flagship patisserie by the renowned French pastry chef Pierre Hermé.
WeWa: A Middle Eastern street food concept.
Dining Concepts by Michelin-starred chef Paul Pairet: Including a French kitchen specializing in grilled meats and an ice cream parlor.
Peking Chamber: A Peking duck brand from mainland China.
Standard Bread: A famous bakery from South Korea.
Chatterbox: A well-known Singaporean restaurant.
Upscale Focus: The new concepts, particularly those by celebrity chefs and international brands, suggest a move towards a more upscale and diverse dining experience at RWS. This aligns with Genting Singapore's strategy to attract higher-spending visitors.
3. Maintaining Existing Signature Restaurants:
While new concepts are being introduced, RWS still lists its existing array of signature and casual dining restaurants. These include fine dining options like Ocean Restaurant and Osia Steak and Seafood Grill, and other popular spots like Feng Shui Inn and Soi Social. It's likely that these established F&B outlets will continue to operate, forming the backbone of the dining options alongside the new additions.
In summary: The food stall landscape at Genting Singapore's Resorts World Sentosa is undergoing a major transformation. While there might be some temporary disruptions and closures due to ongoing renovations, the overall trend is towards a significant enhancement and diversification of F&B offerings, with the introduction of many new, often more upscale and international, dining concepts as part of the RWS 2.0 expansion. This aims to elevate the overall visitor experience and attract a broader range of patrons.