The Asian casino behemoth which owns and operates the iconic Resorts World Sentosa gambling-friendly complex, Genting Singapore Limited is about to initiate a series of layoffs due to the ongoing coronavirus pandemic. As reported by several local news outlets, the company’s officials revealed the news following a massive business downturn caused by lockdowns and other measures that were set in place back in April.
The Genting Group is a firm based in Kuala Lumpur, Malaysia which has several prominent subsidiaries including its Genting Singapore Limited which is responsible for Resorts World Sentosa. Genting Singapore Limited runs the iconic one hundred and twenty-acre gambling-friendly, fully integrated casino resort for the Genting Malaysia Berhad. The luxurious resort opened its doors in January of 2010.
It is located on the southern coast of Singapore and it is home to several remarkable attractions including the Adventure Cove Water Park, a Universal Studios theme park as well as S.E.A. Aquarium that features the second-biggest oceanarium in the world. The resort was developed by the Genting Singapore firm for around US$4.93 billion which made it one of the most expensive buildings of this kind developed in 2010.
The Iconic Resorts World Sentosa Complex
The fully integrated, gambling-friendly resort occupies over one hundred and twenty acres of land and it employs over 10,000 locals. The casino featured within the complex opened its doors on the 14th of February 2010 alongside several other amenities including the massive FestiveWalk mall. In 2011, the resort also opened the Maritime Experiential Museum while in 2012, Resorts World Sentosa opened the Marine Life Park.
Due to the ongoing coronavirus pandemic, the resort has faced rather a series of challenges and obstacles to stay afloat and one of these includes struggling with a massive downturn in business as a direct result of the pandemic. In one of the most recent press releases, officials at Genting Singapore Limited which runs the resort declared that the company had decided to introduce a number of redundancies after a long period of consultation and deliberation.
The same official press release proclaimed that the iconic Resorts World Sentosa as well as the Marina Bay Sands facility closed their doors to the public temporarily back on the 7th of April following the rising number of residents being infected with the highly-contagious, potentially-deadly novel coronavirus strain. Both Marina Bay Sands and Resorts World Sentosa started reviving some of their non-gaming operations on the 19th of June while they re-opened their casino floor partially some fifteen days ago.
Implementation of Workforce Rationalization
Following massive downturns in business, the Asian casino operator responsible for Resorts World Sentosa revealed that it has made the decision to initiate a workforce rationalization to combat the negative consequences of the ongoing coronavirus pandemic on its business operations. The decision was made following comprehensive reviews of costs, as well as significantly reduced salaries of the company’s management team which went down by thirty percent.
The company’s officials also revealed that Genting Singapore Limited will work with local trade unions including the Attractions, Resorts, and Entertainment Union alongside some government agencies to keep as much of its local staff as possible. Lastly, the company’s officials revealed that they will present every single of its departing employees with several new job opportunities.