{"id":777004525,"date":"2023-04-21T13:23:15","date_gmt":"2023-04-21T16:23:15","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777004525"},"modified":"2026-04-22T22:38:54","modified_gmt":"2026-04-23T01:38:54","slug":"morgan-stanley-predicts-genting-singapores-q1-ebitda-at-us201m","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/morgan-stanley-predicts-genting-singapores-q1-ebitda-at-us201m","title":{"rendered":"Morgan Stanley predicts Genting Singapore&#8217;s Q1 EBITDA at US$201m"},"content":{"rendered":"\n<p>The estimate exceeds the market consensus of SGD252m.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Singapore.-&nbsp;<strong>Genting Singapore<\/strong>&nbsp;is expected to generate first-quarter earnings before interest, taxation, and depreciation (<strong>EBITDA) of SGD268m (US$201m)<\/strong>, according to a forecast by&nbsp;<strong>Morgan Stanley<\/strong>. The estimate exceeds the market consensus of SGD252m and would represent an improvement of approximately 4 per cent quarter-on-quarter, adjusted for hold.<\/p>\n\n\n\n<p>The figure would be 83 per cent of the EBITDA generated in the first quarter of 2019. Meanwhile, analysts at Nomura have predicted that Genting Singapore&#8217;s VIP rolling chip volume will rise 39 per cent on year-on-year terms in 2023, with the property&#8217;s mass table drop up by 10 per cent and its slot handle also up by 10 per cent compared to 2022.<\/p>\n\n\n\n<p>Yesterday (April 20),&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/marina-bay-sands-sees-112-rise-in-revenue-for-q1\" target=\"_blank\">Marina Bay Sands<\/a>, Singapore&#8217;s other casino venue, reported that adjusted property EBITDA rose&nbsp;<strong>from US$121m to US$394m year-on-year&nbsp;<\/strong>in the first quarter of the year.Las Vegas Sands reported that&nbsp;<strong>Marina Bay Sands (MBS)&nbsp;<\/strong>contributed US$848m of the US$2.12bn in revenue the group recorded during the first quarter of the year, representing an annual rise of 112 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The estimate exceeds the market consensus of SGD252m.<\/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":"Genting Singapore is projected to exceed market consensus for Q1 EBITDA, with Morgan Stanley forecasting SGD268m, an approximate 4% quarter-on-quarter improvement. Concurrently, Nomura anticipates significant year-on-year growth in Genting Singapore's VIP rolling chip volume, mass table drop, and slot handle for 2023. This follows Marina Bay Sands' report of a substantial increase in Q1 adjusted property EBITDA, contributing significantly to Las Vegas Sands' overall revenue.","focusai_entities":"Genting Singapore, Morgan Stanley, Nomura, Marina Bay Sands, Las Vegas Sands","focusai_location":"Singapore","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.95), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Genting Singapore Market Share?","query":"How might Genting Singapore's projected EBITDA and gaming volume growth impact its competitive positioning relative to Marina Bay Sands in the Singaporean integrated resort market?"},{"label":"Regional IR Performance?","query":"What are the implications of Singapore's strong Q1 integrated resort performance for other regional gaming markets and their recovery trajectories?"}],"footnotes":""},"categories":[157,16333],"tags":[23687],"class_list":["post-777004525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-genting-singapore"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004525","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=777004525"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004525\/revisions"}],"predecessor-version":[{"id":777004563,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004525\/revisions\/777004563"}],"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=777004525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777004525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777004525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}