evenue of SG$484.5m (US$363m)<\/strong>, up 54 per cent year-on-year and down 10.7 per cent sequentially. Net profit after taxation was SG$129.2m (US$96.9m), up 220 per cent year-on-year and up 7.8 per cent from the previous quarter.<\/p>\n\n\n\nAdjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) were up 54 per cent year-on-year to SG$191.7m (US$144m). The company posted a non-gaming revenue of SG$144.4m (US$108m), up 89.3 per cent year-on-year but down 15.3 per cent sequentially.<\/p>\n\n\n\n
Genting Singapore said\u00a0Resorts World Sentosa\u00a0(RWS) has continued to benefit from the ongoing recovery of regional travel and gaming demand. However, it noted, “the recovery of non-gaming business was constrained by lagging overseas visitor arrivals from our traditional visitor source markets.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Genting Singapore’s revenue was up 54 per cent from last year but down 10.7 per cent quarter-on-quarter.<\/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 reported a 54% year-on-year revenue increase to SG$484.5m in Q1 2023, despite a 10.7% sequential decline. Gaming revenue rose 45% year-on-year, while net profit after taxation surged 220% to SG$129.2m, benefiting from regional travel recovery, though non-gaming business was constrained by lagging overseas visitor arrivals.","focusai_entities":"Genting Singapore, Resorts World Sentosa","focusai_location":"Singapore","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Q2 Outlook & Visitor Mix?","query":"What is Genting Singapore's projected outlook for Q2 2023, particularly regarding the anticipated recovery trajectory of non-gaming revenue and the evolving mix of regional versus traditional overseas visitor arrivals?"},{"label":"Gaming Vertical Performance?","query":"Can Genting Singapore provide a more granular breakdown of gaming revenue performance across specific verticals (e.g., VIP vs. mass market, electronic gaming machines vs. table games) and their respective contribution to the 45% year-on-year growth?"}],"footnotes":""},"categories":[163,16333],"tags":[23687],"class_list":["post-777005181","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\/777005181","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=777005181"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005181\/revisions"}],"predecessor-version":[{"id":777005199,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005181\/revisions\/777005199"}],"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=777005181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777005181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777005181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}