Genting Singapore quarterly profit slides 42.2% on weaker gaming
Gaming revenue at Resorts World Sentosa fell 21.7 per cent, while the company said renewal works would constrain operating capacity through 2027.
Weaker premium gaming weighed on Genting Singapore’s third-quarter earnings, with net profit falling to S$54.7 million, a 42.2 per cent decline. Reporting its results on Nov 12, the integrated resort operator also cited an unfavourable rolling win rate during September.
Revenue reached S$566.1 million for the quarter ended Sep 30, 2026, down 12.9 per cent. The corresponding quarter a year earlier generated revenue of S$649.8 million and net profit of S$94.6 million. Against the preceding quarter, revenue declined 5 per cent and profit was 39.8 per cent lower.
Resorts World Sentosa recorded S$315 million in gaming revenue, a fall of 21.7 per cent against the year-earlier S$402.3 million. Its non-gaming business generated S$250.9 million, up 1.5 per cent from S$247.3 million. Genting Singapore described the non-gaming performance as resilient given the reduction in available hotel rooms.
The group’s adjusted Ebitda came to S$161.8 million, compared with S$222.7 million a year earlier, representing a 27.4 per cent decline. Net interest income also decreased, falling 37.3 per cent to S$11.3 million.
Genting Singapore said the next stage of renewal at Resorts World Sentosa would constrain operating capacity through 2027. Work includes hotel upgrades and repositioning, plus enhancements to gaming areas and other guest facilities. The company said it remained focused on year-end travel and festive demand while progressing with the renewal.
