Growth is expected due to a seasonal rise in non-gaming revenue.<\/p>\n\n\n\n\n\n\n\n
Singapore.-\u00a0Resorts World Sentosa (RWS)<\/strong>, operated by Genting Singapore, is anticipated to see growth in its financial results for the second half of the year, according to\u00a0financial services group Nomura<\/strong>.\u00a0The outlook is based on “a seasonal peak in non-gaming revenues along with gaming revenue improvement.” However, the institution noted second-half results could be impacted by \u201cvolatility in VIP win rate.”<\/p>\n\n\n\n Analysts Tushar Mohata<\/strong> and Alpa Aggarwal\u00a0<\/strong>estimated that rolling chip volume, mass table drop, and slot handle will increase by 19, 13 and 8 per cent in year-on-year terms, respectively, due to a progressive increase in visitor arrivals from China. They said attractions such as Minion Land, Oceanarium, Central Lifestyle Connector, food and beverage outlets and the new all-suite hotel, expected to be ready for a soft opening in early 2025, could provide further growth.<\/p>\n\n\n\n The casino operator posted net profit of SG$356.9m (US$271.4m) for the first half of the year, up 29 per cent\u00a0from last year<\/a>. Revenue was up 25.5 per cent year-on-year at SG$1.35bn. 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. Genting 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 See also:<\/strong> Genting Singapore winds up Japan-based subsidiaries<\/a><\/p>\n\n\n\n Competitor, Marina Bay Sands<\/a>, run by Las Vegas Sands (LVS), posted a net revenue of US$919m for the third quarter of the year. The figure was down 9.5 per cent year-on-yead and down 9.89 per cent from\u00a0the second quarter of the year<\/a>.<\/p>\n\n\n\n The casino operator\u2019s adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA<\/strong>) <\/strong>was US$406m, down 17.3 per cent year-on-year from US$491m for the third quarter of 2023 and down 21 per cent from the previous quarter.<\/p>\n\n\n\n Casino revenue was down 16.33 per cent year-on-year\u00a0from US$698m to US$600m and rolling chip volume by 19.5 per cent to US$6.55bn. Non-rolling chip drop was up 9.8 per cent at US$2.12bn. The slot handle was down 8 per cent at US$5.85bn.<\/p>\n\n\n\nTourism in Singapore: 1.27 million visitors in September<\/h2>\n\n\n\n