Good morning. Good news across the board (except Macau) in quarterly results, with Genting Singapore seeing a 123 percent yearly increase in profit, as Resorts World Sentosa registered $275.9 million in gross gaming revenue in 3Q22, led by ‘affluent’ customers – a segment it plans to focus more on. But in Macau restrictions continue to hinder, with Galaxy registering a 75 percent yearly drop in GGR in 3Q22, to just $117 million.

Your Daily Asia Gaming eBrief: Genting Singapore records 3Q22 net profit of $98mln

What you need to know

  • Galaxy Entertainment Group records a 75% yearly drop in GGR for 3Q22, comprised almost solely of mass gaming, despite the visitation drop.
  • Genting Singapore nets strong results in 3Q22, with net profit at $98.06 million, up 123 percent annually, RWS expansion ‘proceeding expeditiously’.

On the radar

AGB Intelligence


Genting Singapore, asia gaming ebrief

Genting Singapore shining with $98 million in profit for 3Q22

Genting Singapore continues on its rebound, registering a third quarter profit of $98 million, as it focuses on more ‘affluent’ customers. The group’s Resorts World Sentosa brought in $275.9 million in gross gaming revenue during the quarter and say they are ‘confident and excited’ about the growth opportunities in the market as they continue their $3.25 billion expansion project.

Industry Updates