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Tag Archives: Resorts World Sentosa

Singapore – Singapore’s casinos only open to double jabbed players

Marina Bay Sands (MBS) and Resorts World Sentosa (RWS) in Singapore will have to ensure that anyone who is not fully vaccinated against COVID-19 is not allowed anywhere in the premises with groups limited to just two people. The Ministry of Health announced the policy for proof of double vaccination on October 13 with its…

Singapore – Genting Singapore grows revenues by 24 per cent

For the first half of 2021, Genting Singapore, operator of Resorts World Sentosa in Singapore, grew its revenue by 24 per cent to $554.8m for he half year to June compared to the previous year, with the net loss reversing to a net profit of $88.2m. This is an improvement compared to the corresponding period…

Singapore – Singapore’s casinos able to invite four players to the table

Marina Bay Sands and Resorts World Sentosa are now allowed to operate with four players at each gaming table double the previous COVID-restricted laws, according to the Singapore Tourism Board,. The new restrictions came in on June 14 and see electronic gaming machines and slot machines operated with one player seated at each machine and…

Singapore – Singapore’s casinos to take four years to reach pre-pandemic revenue levels

Brokerage firm Sanford C. Bernstein believes Singapore’s gaming revenue won’t reach pre-pandemic levels until 2025 with the VIP sector being particularly slow to rebound. Analysts Vitaly Umansky, Louis Li and Kelsey Zhuon believe GGR at Resorts World Sentosa and Marina Bay Sands will take four years to reach 73 per cent of 2019 levels by…

Singapore – Maybank predicts full recovery in mass gaming within two years at Resort World Sentosa

Maybank IB Research believes that Singapore’s Resorts World Sentosa will see a full recovery in mass gaming by 2020 with VIP gaming reaching 75 per cent of pre-pandemic levels by 2022. With Phase 3 of Singapore’s reopening plan expected to come into effect by the end of December, Genting Singapore is preparing to up its…

Singapore – Increase in entry fees sees local play fall to 2.7 per cent of local population

Singapore’s Casino Regulatory Authority (CRA) has said it has achieved its goal of lowering the number of locals on gaming floors at Marina Bay Sands and Resorts World Sentosa with the 50 per cent increase in the entry fees introduced in April 2019. The entry fee for 24 hours of gaming was increased from SG$100…

Malaysia – Maybank predicts 70 per cent fall in EBIDTA for Genting Bhd

Maybank IR Research analyst Samuel Yin Shao Yang believes that the fall off in visitation to Resorts World Sentosa and Resorts World Genting could hit Genting Bhd’s EBIDTA by up to 70 per cent in 2020. The Singapore and Malaysia properties generate between 80 per cent and 90 per cent of Genting Bhd group earnings…

Singapore – No quick fix in sight as Resorts World Sentosa’s future ‘remains cloudy’

Union Gaming Security has said that Genting Singapore, operator of Singapore’s Resorts World Sentosa, is ‘still several quarters away’ from recovery after the effects of the coronavirus pandemic. The group suffered a net loss of $163.3m (US$119.1m) for the second quarter of 2020, the worst quarter since the opening of our Singapore Integrated Resorts, as…

Singapore – Genting Singapore to delay Sentosa expansion after worst ever financials

Having reported its worst set of financials since 2010, with GGR at Resorts World Sentosa down 99 per cent, Genting Singapore is delaying its expansion plans as well as adapting them to the ‘new norm’ of operating. The group suffered a net loss of $163.3m (US$119.1m) for the second quarter of 2020, the worst quarter…