Genting UK sees attendance, spend per head and Gross Gaming Revenue all increase
Having sold Britain’s oldest casino, the Crockford Club in Mayfair, in October 2023, Genting Casinos UK saw its revenues over 2024 increase from £283.8m to £323.1m although it still posted a pre-tax loss of £6.2m for 2024 from a profit of £8m in 2023.
Genting operates 58 of the 154 casinos in the UK. It reported that average spend per head increased from £96 to £97 over 2024 with visitation increasing by 10 per cent to almost three million.
A board said: “The group has continued to perform strongly during the current year with operating profit before exceptional items from continuing operations increasing from £22.5m to £24.6m despite the continuing cost-of-living pressures on customers’ discretionary spend and the ongoing impact of elevated levels of inflation on operating costs.
“Customer visits were ahead of last year due to the policy of driving a greater volume of customer visits in certain venues and revenues were all ahead of the prior year across all its operating divisions.”
“Resorts World Birmingham continued to perform strongly in the current year, with continued growth in revenue on prior year. The Genting Hotel was the market leader in the area and the introduction of new leisure offerings has helped to drive profitable growth at the resort.”
“The focus of the group over the coming year will be to manage the impact of inflationary pressures on costs and customer spend and ensure the group is in a position to act on the UK government’s gambling review. The longer-term focus will be on increasing market share in both the core and London premium/mass markets and improving business efficiency.
“The group will also focus on growing revenue and profitability of Resorts World Birmingham by expanding the leisure offering.”
