{"id":14426,"date":"2021-02-09T16:54:47","date_gmt":"2021-02-09T16:54:47","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=14426"},"modified":"2026-04-23T21:58:55","modified_gmt":"2026-04-24T00:58:55","slug":"genting-singapores-revenues-fall-90-in-2020","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-singapores-revenues-fall-90-in-2020","title":{"rendered":"Genting Singapore&#8217;s revenues fall 90% in 2020"},"content":{"rendered":"\n<p>Restrictions and border closures caused revenue to plummet for the Singapore casino operator.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Singapore.- Casino operator <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-singapore-returns-to-profit-in-q3\" target=\"_blank\">Genting Singapore<\/a><\/em><\/strong> has reported that full-year revenue for 2020 fell by <strong>nearly 90 per cent<\/strong>, resulting in the <strong>\u201cworst financial performance\u201d<\/strong> <strong>since the opening of its Resorts World Sentosa property in 2010.<\/strong><\/p>\n\n\n\n<p>The company brought in <strong>revenues of SGD69.2m (US$52.1m),<\/strong> a drop of 89.9 per cent\u00a0year-on-year.<\/p>\n\n\n\n<p><strong>Gaming revenue fell\u00a0by 56.7 per cent to SGD700.8m.<\/strong> Most of the gaming revenue earned came in the second half of 2020 (SGD426.4m) up 55.4 per cent compared to the first six months of the year.<\/p>\n\n\n\n<p><strong>Non-gaming revenue\u00a0in 2020\u00a0reached SGD299.4m<\/strong>,\u00a0down 65.1\u00a0per cent compared to SGD857.9m in 2019.<\/p>\n\n\n\n<p>Genting attributed the loss of revenues to the Covid-19 pandemic, stating: \u201cThe rest of financial-year 2020 was very negatively impacted by <strong>regulatory restrictions, border closures and operating capacity [issues]<\/strong> due to the Covid-19 pandemic.\u201d<\/p>\n\n\n\n<p>Company execs said it was <strong>evident that international travel was unlikely to return to pre-pandemic levels anytime soon. <\/strong><\/p>\n\n\n\n<p>To&nbsp;<strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/singapore-casinos-see-huge-drop-in-local-visitation\" target=\"_blank\">boost visitation<\/a><\/em><\/strong>&nbsp;while travel restrictions remain in place, its Resorts World Sentosa property rolled out \u201cstaycation packages\u201d for local residents.<\/p>\n\n\n\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Restrictions and border closures caused revenue to plummet for the Singapore casino operator.<\/p>\n","protected":false},"author":2,"featured_media":14437,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Genting Singapore reported a nearly 90% full-year revenue decline in 2020, marking its worst financial performance since 2010, primarily due to Covid-19 regulatory restrictions, border closures, and operating capacity limitations. Gaming revenue fell by 56.7%, while non-gaming revenue dropped by 65.1%. The company is implementing 'staycation packages' to boost local visitation at Resorts World Sentosa amidst prolonged international travel restrictions.","focusai_entities":"Genting Singapore, Resorts World Sentosa","focusai_location":"Singapore","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.95), marketing_crm (0.7), investor_analyst (0.98), journalist_researcher (0.9)","focusai_suggestions":[{"label":"NGR Recovery Timeline?","query":"What is Genting Singapore's projected timeline for NGR recovery, assuming a gradual easing of international travel restrictions and sustained local market engagement?"},{"label":"Staycation GGR Contribution?","query":"How do the 'staycation packages' contribute to the overall GGR, and what is the long-term strategy for local market penetration and yield optimization post-pandemic for Resorts World Sentosa?"}],"footnotes":""},"categories":[163,16333],"tags":[229,23687,14017,23907],"class_list":["post-14426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-gambling","tag-genting-singapore","tag-integrated-resort","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=14426"}],"version-history":[{"count":9,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14426\/revisions"}],"predecessor-version":[{"id":14469,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14426\/revisions\/14469"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14437"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=14426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=14426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=14426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}