{"id":25633,"date":"2021-12-16T08:07:58","date_gmt":"2021-12-16T11:07:58","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=25633"},"modified":"2026-04-23T12:52:34","modified_gmt":"2026-04-23T15:52:34","slug":"genting-singapore-earnings-could-be-affected-by-new-covid-19-variant","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-singapore-earnings-could-be-affected-by-new-covid-19-variant","title":{"rendered":"Genting Singapore earnings could be affected by new Covid-19 variant"},"content":{"rendered":"\n<p>Analysts at Affin Hwang Capital have predicted that Genting Singapore earnings could be lower than expected due to the new Omicron Covid-19 variant.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Singapore.- Analysts at Affin Hwang Capital have lowered their profit forecast for Genting Bhd for the 2021-23 fiscal year due to the risk that the new Covid-19 Omicron variant will affect <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-singapore-revenue-down-9-for-q3\">earnings<\/a>. The new variant has forced some governments to implement stricter border controls, which may inhibit the recovery of international tourism.<\/p>\n\n\n\n<p>Before the Covid-19 pandemic, Affin Hwang Capital estimated that foreign tourists accounted for about 70 per cent of Genting Singapore&#8217;s total tourist arrivals.<\/p>\n\n\n\n<p>According to Asian Gaming Brief, analysts stated: &#8220;Over the past few quarters, without significant tourist contributions,&nbsp;<strong>Genting Singapore was able to regain only 43 per cent of its pre-pandemic revenue<\/strong>, mainly from local visitation, but had remained relatively stagnant since then.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Genting will remain affected by China\u2019s zero-Covid policy<\/h2>\n\n\n\n<p>As previously reported by Focus Gaming News,\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-will-remain-affected-by-chinas-zero-covid-policy\">analysts at Nomura Research<\/a>\u00a0have predicted<strong>\u00a0the company will remain affected by China\u2019s zero-Covid policy<\/strong>\u00a0the next year even if Singapore reopens for international travel. The company has a positive attitude toward the operator of Resorts World Sentosa but believes it could be\u00a0<strong>some time before Chinese citizens can travel<\/strong>\u00a0again.\u00a0<\/p>\n\n\n\n<p>According to data from the Singapore Tourism Board,<strong>&nbsp;China was the largest source country&nbsp;<\/strong>for international tourism in Singapore in 2019, with visitors spending $4.1bn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts at Affin Hwang Capital have predicted that Genting Singapore earnings could be lower than expected due to the new Omicron Covid-19 variant.<\/p>\n","protected":false},"author":176,"featured_media":25660,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Affin Hwang Capital has revised down its profit forecast for Genting Bhd and Genting Singapore for FY2021-23, citing the potential impact of the Omicron variant on international tourism and China's persistent zero-Covid policy. This outlook suggests continued stagnation in revenue recovery for Genting Singapore, heavily reliant on pre-pandemic foreign tourist volumes, particularly from China, despite local visitation contributions.","focusai_entities":"Affin Hwang Capital, Genting Singapore, Genting Bhd, Nomura Research, Singapore Tourism Board","focusai_location":"Singapore, China","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Genting's Recovery Strategy?","query":"What specific operational adjustments or market diversification strategies is Genting Singapore implementing to mitigate the prolonged impact of reduced international tourism and China's zero-Covid policy on its NGR?"},{"label":"Regional Market Impact?","query":"How do these revised earnings forecasts for Genting Singapore compare to other integrated resort operators in key APAC markets, and what are the broader implications for regional gaming vertical recovery?"}],"footnotes":""},"categories":[163,16333],"tags":[23687],"class_list":["post-25633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-genting-singapore"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25633","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=25633"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25633\/revisions"}],"predecessor-version":[{"id":25638,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25633\/revisions\/25638"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25660"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=25633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=25633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=25633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}