Genting Singapore reports 34% drop in H1 profit as gaming revenue declines
Genting Singapore’s net profit fell to US$122m in the first half of 2026, while group revenue was down 1 per cent.
Singapore.- Genting Singapore has reported a 34 per cent year-on-year decline in net profit to SG$156.1m (US$122m) in the six months ended June 30. Group revenue declined 1 per cent to SG$1.20bn (US$939m).
Gaming revenue was down 4 per cent year-on-year to SG$804.4m (US$627m), while non-gaming revenue increased 6 per cent to SG$398.8m (US$311m). The company said the period was affected by a softer operating environment, including weaker seasonal demand and more cautious consumer spending. Geopolitical uncertainty and higher travel costs were said to have led to less tourism.
Genting Singapore’s non-gaming operations benefited from the introduction and refurbishment of attractions and hospitality offerings at Resorts World Sentosa. Hotel room revenue increased to SG$107.3 million (US$83m), while attractions revenue reached SG$208.1 million (US$162m).
The company said its RWS 2.0 transformation remains on track for completion in 2030, with further upgrades to hotels, the casino, dining venues and other guest-facing areas expected to be introduced progressively during 2027 and 2028.
