{"id":777030080,"date":"2025-08-08T08:10:28","date_gmt":"2025-08-08T11:10:28","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777030080"},"modified":"2026-04-21T20:18:01","modified_gmt":"2026-04-21T23:18:01","slug":"genting-singapore-sees-revenue-decline-in-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-singapore-sees-revenue-decline-in-h1","title":{"rendered":"Genting Singapore sees revenue decline in H1"},"content":{"rendered":"\n

Revenue was down 10 per cent year-on-year in the first half of the year.<\/p>\n\n\n\n\n\n\n\n

Singapore.- Genting Singapore <\/strong>has published its financial results for the first half of 2025. Revenue<\/strong> was SG$1.21bn (US$945.1m), down 10 per cent in year-on-year terms. Gaming revenue was S$839.4m (US$336m), down 12.3 per cent compared to the same period of 2024. Revenue from hotel rooms fell 19 per cent.<\/p>\n\n\n\n

Gross profit <\/strong>was down 16 per cent year-on-year from S$484.2m (US$376.9m) to S$406.9m (US$316.7m), while operating profit was down 33 per cent from S$450.9m (US$351m) to S$300.2m (US$233.7m). Net profit <\/strong>for the period came in at S$234.7m (US$182.8m), down 34 per cent from the H1 2024 period. Adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA<\/strong>) were S$423.7m (US$329.6m), down 26 per cent year-on-year.<\/p>\n\n\n\n

The group recorded a 3 per cent revenue increase in the second quarter to S$588.3m (US$435.3m) supported by higher VIP rolling volume<\/strong> and win rates and a rise in visitors to Universal Studios Singapore, following the launch of Illumination\u2019s Minion Land in February. Adjusted EBITDA for the second quarter stood at S$187.9m (US$139m), down 7 per cent.<\/p>\n\n\n\n

Earlier this month, Genting Singapore announced the appointment of Lee Shi Ruh<\/a> as the company\u2019s president and chief operating officer, effective from August 1. Shi Ruh has been president of Resorts World at Sentosa (RWS) since September of 2023 and CEO since June of this year<\/a>. She was previously CFO of Genting Singapore from 2010. The promotion comes as part of a leadership renewal led by executive chairman and acting CEO Tan Sri Lim Kok Thay.<\/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> Melco Resorts posts an increase in revenue for Q2<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Revenue was down 10 per cent year-on-year in the first half of the year.<\/p>\n","protected":false},"author":226,"featured_media":777027982,"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 10% year-on-year decline in H1 2025 revenue, reaching SG$1.21bn, with gaming revenue specifically down 12.3%. Despite this, Q2 showed a 3% revenue increase, supported by higher VIP rolling volume and win rates, alongside increased visitation to Universal Studios Singapore. The period also saw the appointment of Lee Shi Ruh as President and COO, effective August 1, as part of a leadership renewal.","focusai_entities":"Genting Singapore, Lee Shi Ruh, Resorts World at Sentosa (RWS), Tan Sri Lim Kok Thay, Universal Studios Singapore, Illumination, Melco Resorts","focusai_location":"Singapore","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"H1 Revenue Decline Factors?","query":"What specific market conditions and operational challenges contributed to Genting Singapore's 10% year-on-year revenue decline in H1 2025, particularly within the gaming vertical?"},{"label":"Leadership Impact on Strategy?","query":"How is the appointment of Lee Shi Ruh as President and COO expected to influence Genting Singapore's strategic direction, capital allocation, and market positioning in the coming fiscal periods?"}],"footnotes":""},"categories":[16338,163],"tags":[24619,23687],"class_list":["post-777030080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-finance","tag-genting-singapore"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777030080","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777030080"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777030080\/revisions"}],"predecessor-version":[{"id":777030090,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777030080\/revisions\/777030090"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777027982"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777030080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777030080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777030080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}