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China

Lower VIP and higher bad debt factors in Genting Singapore’s “disappointing” 3Q24 results – Maybank

Nelson Moura - November 11, 2024

Genting Singapore's third-quarter earnings 'fell short of expectations' due to lower VIP gaming volumes and higher bad debts linked to Chinese players, Maybank research pointed out.

Singapore

Genting Singapore reports sharp decline in net profit for 3Q24, citing slow recovery

Viviana Chan - November 7, 2024

Genting Singapore, the operator of Resorts World Sentosa (RWS) in Singapore, reported a net profit after tax of $59.8 million for the third quarter of FY2024, ending September 30th.

Japan

Genting Singapore announces dissolution of 7 subsidiaries in Japan

Nelson Moura - October 21, 2024

Genting Singapore has officially declared the members’ voluntary dissolution and liquidation of seven several indirect wholly-owned subsidiaries incorporated in Japan.

Singapore

Genting Singapore revenue up in 1H24 despite drags from low VIP hold in 2Q24

AGBrief Editorial - August 15, 2024

Genting Singapore has announced a 25 percent increase in revenue for the first half of the year, reaching SG$1.35 billion and with net profit rising by 29 percent to SG$356.91 million.

Singapore

Genting Singapore to record sharp 2Q24 EBITDA drop due to seasonal factors

Viviana Chan - June 27, 2024

Genting Singapore, the operator of Singapore’s Resorts World Sentosa (RWS), is expected to see a significant decline in quarterly EBITDA for 2Q24, notes Morgan Stanley.

Singapore

Genting Singapore: ‘robust growth’ in 1Q24, revenue tops $580M

Viviana Chan - May 12, 2024

Genting Singapore experienced 'robust growth' in the first quarter of 2024, delivering revenue of $580 million and adjusted EBITDA of $273 million.

Singapore

Maybank trims Genting Singapore profit estimates despite optimistic outlook

Viviana Chan - February 23, 2024

Although maintaining a ‘cautiously optimistic’ outlook for Genting Singapore in 2024, Maybank cuts its EBITDA and core net profit estimates by 6 percent and 11-12 percent, respectively.

Singapore

Genting Singapore’s net profit tops $456M in 2023, up 80% year-over-year

Viviana Chan - February 22, 2024

Genting Singapore has announced a net profit of SG$611.6 million ($456 million) for the fiscal year 2023, which concluded on December 31st, marking an 80 percent increase year-over-year.

News

Your Daily Asia Gaming eBrief: Genting Singapore shows strong results in 1H23

AGBrief Editorial - August 11, 2023

The first half of the year has proved to be a happy merry-go-round for every gaming operator in the block, with Genting Singapore’s adjusted EBITDA and revenue skyrocketing in the first half of 2023.

Singapore

Genting Singapore adjusted EBITDA jumps 68 percent y-on-y to $336 million in 1H23

Viviana Chan - August 10, 2023

Genting Singapore has announced a strong first half of 2023, with adjusted EBITDA rising 68 percent to SG$452.5 million ($336 million), as consolidated revenue rose by 63 percent yearly to SG$1.1 billion ($817 million).