Tag Archives: Resorts World Sentosa
Singapore – Maybank raises yearly estimate for Resorts World Sentosa by 78 per cent
Analysts at Maybank Securities have raised its 2022 estimates for Genting Singapore’s Resorts World Sentosa by 78 per cent following the ‘encouraging’ results posted by rival operator Marina Bay Sands in its second quarter. With Las Vegas Sands posting EBITDA of US$319m, Maybank believe Resorts World Sentosa will see a similar recovery after the country…
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….
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…
