Genting Singapore reported a solid rise in third-quarter earnings, buoyed by stronger VIP gaming activity and robust growth in non-gaming revenue as visitor numbers climbed at its Resorts World Sentosa (RWS) integrated resort.
The casino and leisure group said Thursday its revenue for the three months to September rose 16 percent from a year earlier to S$649.8 million ($473 million), while adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 36 percent to S$222.7 million ($162 million).
Net profit after tax increased 19 percent year-on-year to S$94.6 million ($69 million). Compared with the second quarter, revenue and adjusted EBITDA grew 10 percent and 19 percent respectively.
The company attributed the performance to ‘improved VIP rolling volume and win rate,’ alongside continued growth in its non-gaming businesses, which include hospitality, retail and attractions.
RWS saw higher footfall following the completion of two major projects — the Singapore Oceanarium and the WEAVE lifestyle precinct — which Genting said had ‘infused new vibrancy’ into the resort.
In October, it also launched The Laurus, Singapore’s first Luxury Collection all-suite hotel operated in partnership with Marriott International, expanding its high-end accommodation offerings.
The group said its transformation remains anchored on ‘resilient fundamentals, disciplined execution and a keen focus on sustainability’ as it maintained its ‘AA’ MSCI ESG rating and continues to be listed on MSCI’s High Dividend Yield and Quality indices.
Major works under the RWS 2.0 expansion are ‘progressing well,’ the company said, including the 88-metre waterfront light sculpture by Heatherwick Studio and the upcoming Super Nintendo World at Universal Studios Singapore.
Looking ahead, RWS plans to cap the year with its ‘Season for Good’ festive campaign — a large-scale activation inspired by the upcoming Wicked: For Good movie — in collaboration with Universal Pictures, Sentosa Development Corporation, the Singapore Tourism Board and DBS Bank.
Genting said the initiative will ‘elevate destination vibrancy’ and sustain strong business momentum into 2026.
