Tag Archives: Genting Singapore
Singapore – Genting Singapore up by 33 per cent as gaming revenues exceed 2019’s figures
For the third quarter of 2023, Genting Singapore delivered $689.9m in revenue, representing a 33 per cent growth from the corresponding period a year ago. Net profit increased by nearly 60 per cent to $216.3m. At the property level, Resorts World Sentosa (RWS) continued to benefit from the sustained recovery oftravel and tourism. Adjusted earnings…
Singapore – Second half rebounds for Resorts World Sentosa with Genting seeing full recovery in medium term
Genting Singapore saw an 85 per cent increase in income at its Resorts World Sentosa in Singapore with gaming revenues hitting US$921m, up 53 per cent year-on-year, and non-gaming revenues reaching US$367m an increase of 90 per cent. Full year revenues were increased by 62 per cent from 2021 with the operator’s second half of…
Singapore – Genting Singapore manages to double its revenue from last quarter
Genting Singapore managed to double its profits in the third quarter with GGR up 96 per cent to S$382m as international events including the Formula One Grand Prix helped boost overall tourism. Net profit reached S$135.8m ($98m) in the three months to September from S$60.7m last year due to the continued recovery of Resorts World…
Singapore – Nomura casts doubt on any deal between MGM and Genting
Japanese investment bank Nomura does not believe that Malaysian casino operator Genting Berhad will sell any shares in Genting Singapore, operator of Resorts World Sentosa (RWS), to MGM Resorts. The US gaming giant held talks with Genting over a possible takeover last week however Nomura analysts Tushar Mohata and Alpa Aggarwal don’t believe there is…
Singapore – Resorts World Sentosa to benefit from $400m expansion
Genting Singapore posted a significant 49 per cent decline in net profit to $95.1m in the second half of 2021, due to a decrease in visitation, largely due to an increase in COVID-19 community cases and the recent emergence of the Omicron variant. The group confirmed plans to invest $400m on expanding several non-gaming attractions…
Singapore – Genting Singapore falls 16 per cent
Genting Singapore reported adjusted earnings before interest, tax, depreciation and amortisation (Adjusted EBITDA) of US$76.1m in its third quarter, deteriorating from the last quarter, resulting in a 31 per cent dip from the same period last year due to the series of enhanced safe management measures introduced to curb the surge of new community cases….
Japan – Genting and Melco express disappointment over Yokohama u-turn
Melco Resorts and Genting Singapore, who were competing for a licence to build an Integrated Resort casino in the Japanese city of Yokohama have said they have been left disappointed by the new Mayor’s decision to pull the plug on the region’s bid for a casino. Melco Resorts has said whilst it is now closing…
Japan – Yokohama pulls out of Japan’s casino race
Yokohama’s new mayor Takeharu Yamanaka has pulled the plug on the city’s attempts to become one of three Japanese cities to host an Integrated Resort casino in a devastating blow to Genting Singapore and its partner Sega Sammy. Genting Singapore had already confirmed it would partner with five reputable Japanese corporates including Sega Sammy Holdings,…
Japan – Sega Sammy will invest over $1bn in Genting’s Yokohama casino IR
Sega Sammy Holdings has said it will contribute over US$1bn to the construction of an Integrated Resort casino in Yokohama as part of its partnership with Genting Singapore. Sega Sammy said in a press release: “We have come to the conclusion that Genting Singapore is the best partner for the success of our domestic IR…
