Revenue was up 15.8 per cent in quarter-on-quarter terms. <\/p>\n\n\n\n\n\n\n\n
Singapore.- Genting Singapore<\/strong> has shared its financial results for the third quarter. Revenue totalled SG$690.0m (US$507.1m), marking a 15.8 per cent increase from the preceding quarter and a 32.7 per cent rise year-on-year. <\/p>\n\n\n\n The casino operator reported a net profit after taxation of nearly SG$216.3m<\/strong> for the three months ending September 30. That’s a rise of 46.7 per cent when compared to the previous quarter and 59.3 per cent when compared to the same period last year.<\/p>\n\n\n\n Genting Singapore reported gaming revenue of just under SG$459.6m for the April to September period, a 12.9 per cent increase from the previous quarter and a 20.3 per cent rise compared to the same period a year ago. <\/p>\n\n\n\n The company highlighted a hold-normalized gross gaming revenue (GGR) improvement of 31 per cent quarter-on-quarter to SG$715.2m, surpassing pre-pandemic levels for both VIP and mass gaming segments in 2019. <\/p>\n\n\n\n Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) for the third quarter were SG$345.4m, up 32.5 per cent quarter-on-quarter. When compared to the previous year, this was an increase of 38.5 per cent.<\/p>\n\n\n\n The company also announced that its board had approved an investment of SG$6.8bn to upgrade and expand Resorts World Sentosa (RWS)<\/a>. The initiative, referred to as “RWS 2.0,” includes funds already spent and additional investments slated over the next eight years. The company said it aims to solidify RWS as a premier tourism destination in Asia.<\/p>\n\n\n\n