{"id":777025254,"date":"2025-04-14T04:16:30","date_gmt":"2025-04-14T07:16:30","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777025254"},"modified":"2026-04-21T23:54:33","modified_gmt":"2026-04-22T02:54:33","slug":"genting-singapore-announces-cash-dividend","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-singapore-announces-cash-dividend","title":{"rendered":"Genting Singapore announces cash dividend"},"content":{"rendered":"\n

Genting Singapore will pay a final dividend of SG$0.02 (US$0.015) per ordinary share.<\/p>\n\n\n\n\n\n\n\n

Singapore.- Genting Singapore<\/strong> has announced a cash dividend of SG$0.02 (US$0.015) per ordinary share\u00a0for the year ending December 31, 2024. The dividend will be payable on May 27 to shareholders registered as of May 5. This distribution remains subject to shareholder approval at the annual general meeting to be held today (April 14).<\/p>\n\n\n\n

In its\u00a0financial results\u00a0for the year 2024, the company reported a 5 per cent increase in revenue from SG$2.4bn (US$1.8bn) to SG$2.53bn (US$1.90bn) while net profit declined 5 per cent in year-on-year terms to SG$578.9m (US$432.7m). Gross profit reached SG$836.1m (US$626m), down 5 per cent\u00a0year-on-year<\/a>.<\/p>\n\n\n\n

Resorts World Sentosa\u00a0(RWS)\u00a0<\/strong>delivered adjusted earnings before interest, tax, depreciation and amortisation of SG$990.5m (US$742m), representing 86 per cent of pre-Covid-19 adjusted EBITDA. Gaming revenue was SG$1.70bn (US$1.27bn), up 3.4 per cent year-on-year. Non-gaming revenue rose by 7.4 per cent year-on-year, to SG$826.1m (US$619m).<\/p>\n\n\n

\n
\"Resorts
Resorts World Sentosa.<\/figcaption><\/figure>\n<\/div>\n\n\n

Resorts World Sentosa to open new luxury hotel in Q3
<\/h2>\n\n\n\n

RWS<\/strong> has announced that The Laurus, a new luxury hotel resort developed with Marriott International, will open in the third quarter of the year. Part of The Luxury Collection Hotels & Resorts, it will replace the Hard Rock Hotel, which\u00a0closed on March 2, 2024<\/a>.<\/p>\n\n\n\n

The hotel will have 183 suites, courtyard spaces, a function room, an outdoor swimming pool and spa, bar and an all-day concept restaurant.<\/p>\n\n\n\n

Tan Hee Teck<\/strong>, CEO of RWS, said: \u201cOur landmark collaboration with Marriott International to bring the very first The Luxury Collection branded property to Singapore further exemplifies our commitment to redefine luxury guest experiences. The Laurus, a Luxury Collection Resort, embodies the very essence of our ongoing pivot to offer curated destination experiences as part of RWS\u2019 transformational expansion plans.<\/p>\n\n\n\n

\u201cWe are thrilled to invite guests to immerse themselves in Singapore\u2019s rich heritage, reconnect with the captivating beauty of Sentosa\u2019s lush flora and fauna while experiencing RWS\u2019 hallmark hospitality, defined by unparalleled sophistication, outstanding quality and innovation.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t<\/p>\n

\n\t\t\t\t\tSee also:<\/span> MGM China announces cash dividend<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Genting Singapore will pay a final dividend of SG$0.02 (US$0.015) per ordinary share.<\/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 has declared a final dividend of SG$0.02 per ordinary share for FY2024, following a 5% increase in revenue to SG$2.53bn but a 5% decline in net profit. Concurrently, its flagship integrated resort, Resorts World Sentosa, is strategically expanding its non-gaming offerings with the launch of \"The Laurus,\" a new luxury hotel developed in partnership with Marriott International.","focusai_entities":"Genting Singapore, Resorts World Sentosa, Marriott International, Hard Rock Hotel, Tan Hee Teck, MGM China","focusai_location":"Singapore, Sentosa","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), product_ux (0.7), marketing_crm (0.75), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Dividend sustainability outlook","query":"Given the 5% decline in net profit despite revenue growth, what is the long-term sustainability outlook for Genting Singapore's dividend policy, and how might future capital expenditures impact distributions?"},{"label":"RWS non-gaming strategy","query":"How does the launch of \"The Laurus\" and the partnership with Marriott International align with RWS's broader non-gaming revenue diversification strategy, and what are the projected EBITDA contributions from this luxury segment?"}],"footnotes":""},"categories":[163,16333],"tags":[23687,21162],"class_list":["post-777025254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-genting-singapore","tag-resorts-world-sentosa"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025254","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=777025254"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025254\/revisions"}],"predecessor-version":[{"id":777025282,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025254\/revisions\/777025282"}],"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=777025254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777025254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777025254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}