{"id":777018167,"date":"2024-08-15T09:27:20","date_gmt":"2024-08-15T12:27:20","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777018167"},"modified":"2026-04-22T07:08:16","modified_gmt":"2026-04-22T10:08:16","slug":"genting-singapore-posts-net-profit-of-us271-4m-for-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-singapore-posts-net-profit-of-us271-4m-for-h1","title":{"rendered":"Genting Singapore posts net profit of US$271.4m for H1"},"content":{"rendered":"\n

Genting Singapore\u2019s profit was up 29 per cent from H1 2023.<\/p>\n\n\n\n\n\n\n\n

Singapore.- Genting Singapore <\/strong>has shared its financial results for the first half of the year. It posted a net profit of SG$356.9m (US$271.4m), up 29 per cent from last year<\/a>. Revenue was up 25.5 per cent year-on-year at SG$1.35bn.<\/p>\n\n\n\n

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) improved 26 per cent in year-on-year terms to SG$570.8m. The cost of sales in the six months to June 30 was up 29 per cent year-on-year at SG$871.5m.<\/p>\n\n\n\n

Gaming revenue rose 28.24 per year-on-year to SG$957.6m and non-gaming revenue 18 per cent to SG$393.1m.\u00a0Genting Singapore\u2019s consolidated revenue was up 25 per cent to SG$1.35bn. Hotel rooms brought in SG$121.52m in revenue, while attractions were the biggest non-gaming contributor at SG$201.27m.<\/p>\n\n\n\n

The company said the first phase of Resorts World Sentosa 2.0 comprising Illumination\u2019s Minion Land and the Singapore Oceanarium, along with the ongoing development of our Central Lifestyle Connector and an all-suite hotel in place of Hard Rock Hotel, “remain on track for soft opening in early 2025”<\/p>\n\n\n\n

See also:<\/strong> Genting Singapore open to UAE casino resort collaboration<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Genting Singapore\u2019s profit was up 29 per cent from H1 2023.<\/p>\n","protected":false},"author":176,"featured_media":21474,"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 29% increase in H1 2023 net profit to SG$356.9m, with total revenue rising 25.5% to SG$1.35bn, driven by strong gaming and non-gaming segments. The company's Resorts World Sentosa 2.0 expansion, including new attractions and an all-suite hotel, remains on schedule for an early 2025 soft opening, signaling continued investment in its integrated resort offerings.","focusai_entities":"Genting Singapore, Resorts World Sentosa, Illumination, Hard Rock Hotel","focusai_location":"Singapore, UAE","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (0.7), operator_casino (1.0), marketing_crm (0.8), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"RWS 2.0 ROI?","query":"What is the projected return on investment and anticipated incremental GGR contribution from the Resorts World Sentosa 2.0 expansion, particularly from the new gaming and non-gaming assets?"},{"label":"Capital Allocation Strategy?","query":"How will Genting Singapore's robust H1 performance influence its capital allocation strategy for future regional expansion, specifically regarding the potential UAE casino resort collaboration?"}],"footnotes":""},"categories":[163,16333],"tags":[23687],"class_list":["post-777018167","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\/777018167","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=777018167"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018167\/revisions"}],"predecessor-version":[{"id":777018202,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018167\/revisions\/777018202"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21474"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}