Tag Archives: Resorts World Sentosa
Singapore – Singapore’s casinos see ten per cent fall in revenue
Singapore’s casino operators have seen their GGR fall by ten per cent to US$ 4.8bn in 2015 with the anti-austerity crackdown in China and the value of the Singaporean dollar against other Asian currencies both blamed for the decline. The Singapore casino sector remains the third biggest in the world behind Macau and Las Vegas…
Singapore – VIP slump hits Resorts World Sentosa
The second quarter has slumped by 23 per cent for Resorts World Sentosa, one of two integrated casino resorts in Singapore, with the operator highlighting the VIP sector as the main reason for the downturn. Parent company Genting Singapore said revenue came in at $578.1m for the quarter with EBIDTA pitched at $300.9m. Genting said:…
Singapore – Battle heats up for Chinese VIPs in Singapore
The fight for VIP customers is heating up in Singapore where the dwindling stream of Chinese high-rollers has seen Resorts World Sentosa and Marina Bay Sands intensify their VIP efforts. Genting Singapore third quarter profit was down by 43 per cent whilst Las Vegas Sands’ most recent quarterly results saw its revenue down by 8.7…
Singapore – Profits plunge for Resorts World Sentosa
Genting Singapore has reported that net profit has plunged 43 per cent in the third quarter, sparking speculation that the battle between its Resorts World Sentosa (RWS) and Las Vegas Sands’ Marina Bay Sands (MBS) for the VIP gambling market is set to pitch the two mega-casino resorts at each others’ throats. The thinning stream…
Singapore – Shares in Genting Singapore at lowest since 2010
Genting Singapore, owner of Resorts World Sentosa has seen its share price drop 2.8 per cent to their lowest level in more than four years due to a weakness in Sinapore’s VIP sector. The group’s shares dropped to S$1.06, their lowest since June 2010. They have fallen by almost 30 per cent so far in…
Singapore – Singapore to remain third as growth slows
Growth slowed at Singapore’s two casinos with just a 3.8 per cent increase in gaming revenues during 2013, prompting analysts to describe the market’s growth potential as ‘flatish.’ The Marina Bay Sands and Resorts World Sentosa generated a combined $6.077bn in gaming revenues during 2013, falling behind the Las Vegas Strip, which generated $6.5bn in…
