Good morning. Pressure points. Genting Singapore is juggling rising transformation costs, weak VIP play and mounting competition from Marina Bay Sands — and the numbers are wobbling. First-quarter profit was cut in half as Resorts World Sentosa absorbed refurbishment disruption and softer premium gaming volumes, with Maybank warning the turnaround may take time. In Macau, a G2E Asia panel said disconnected data systems are holding operators back from delivering smarter, more personalized gaming experiences. And MGM China’s Kenneth Feng explained why suite conversions are less about luxury hospitality and more about squeezing more gaming yield from every square foot.
What you need to know
- Genting Singapore’s 1Q26 profit halved as VIP volumes collapsed and RWS transformation costs continued to pressure margins and recovery.
- Gaming executives say disconnected operator systems are slowing the industry’s shift toward personalized, data-driven experiences.
- MGM says Macau suite conversions are driven by gaming yield, with premium mass suites generating five times the revenue of standard rooms.
On the radar
- South Korea’s GKL 1Q26 net profit falls 6.3% to $10.1M.
- Okada Manila expands online push with Okada Play launch.
- Aristocrat posts $574M first-half normalized profit, lifts interim dividend.
- MGM’s Kenneth Feng voices concern over KOL gaming promotion in China.
- Galaxy Entertainment appoints Jaime Sze and Robert Drake to the board.
- MGM China lists $750M senior notes due 2033 in Hong Kong.
- Goa High Court blocks casino vessel from the Mandovi River.
AGB Intelligence
SINGAPORE
Resorts World Sentosa transformation costs pressure Genting
Genting Singapore posted a 55 percent decline in first-quarter net profit, hurt by elevated RWS transformation costs and record-low VIP gaming volumes, while Maybank said 2026 is likely to remain another transitional year as gaming recovery slows and competitive pressure from Marina Bay Sands continues to intensify.
Industry Updates
- BMM showcases testing and certification expertise at SiGMA Asia 2026.
- Brightstar Lottery secures Lottotech contract for RetailerPro S2 upgrade.
- EvenBet Gaming awarded a five-year B2B supplier license in Denmark.
Corporate Spotlight
How Crypto Adoption in Asia is Changing iGaming Payments
Yevhen Krazhan, CSO at GR8 Tech, explores how surging crypto adoption across Asia is revolutionizing iGaming payments, stating: “When I look at what’s changing fastest in Asia, it’s payment behavior,” as wallets, stablecoins, and seamless cross-border transfers become deeply ingrained in player habits. The winning operators will be those that offer fast, reliable, and local deposits and withdrawals. To make sense of it, Yevhen breaks Asia into two crypto realities.
INTELLIGENCE | ASEAN | AWARDS | CAREERS | EVENTS
