Good Morning. 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. Also basking on an extremely positive 2Q23, Wynn Macau CEO, Craig Billings, touted the group’s performance, stating that some business segments even surpassed 2019 levels. Billing also expressed his anticipation for Wynn Resorts’ first gaming license in the United Arab Emirates.

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Genting Singapore

Recovery in visitation boosts Genting Singapore 1H23 results

A recovery in the volume of foreign visitor arrivals into Singapore has helped Genting Singapore to report a strong 1H23. The gaming group’s adjusted EBITDA rose 68 percent to SG$452.5 million ($336 million), as consolidated revenue rose by 63 percent yearly to SG$1.1 billion ($817 million). The Resorts World Sentosa operator is now focused on expanding the property’s offerings and attractions.

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