Results driven by improved VIP and non-gaming business
Genting Singapore, operator of Resorts World Sentosa, delivered what it said was ‘a robust third-quarter result,’ posting revenue of $649.8m and adjusted earnings before interest, tax, depreciation and amortisation of $222.7m, representing a quarter-on-quarter growth of 10 per cent and 19 per cent, and year-on-year growth of 16 per cent and 36 per cent, respectively.
Nomura analysts Tushar Mohata and Alpa Aggarwal though, said the operator had underperformed with its Singapore market share at just 28 per cent.
The uplift was driven by improved VIP rolling volume and win rate, and continued growth across non-gaming business.
At Resorts World Sentosa (RWS), the completion of the Singapore Oceanarium and WEAVE lifestyle precinct infused new vibrancy across the resort, attracting higher footfall and strengthening non-gaming revenue. In October, RWS also debuted The Laurus, Singapore’s first The Luxury Collection all-suite hotel with Marriott International, further expanding its premium hospitality offerings.
Genting’s transformation will continue to be anchored on resilient fundamentals, disciplined execution and a keen focus on sustainability. Genting Singapore retained its ‘AA’ rating in the MSCI ESG Ratings and remains a constituent stock on the MSCI SG IMI High Dividend Yield Index and the MSCI SG IMI Quality Index5. RWS also earned multiple accolades, including the continued inclusion in TTG’s Travel Hall of Fame – the first and only integrated resort worldwide to achieve this distinction, and the Singapore Hotel Sustainability Award for Hotel Ora. In October, RWS hosted the 17th United Nations Global Compact Network Singapore Summit as a strategic sustainability partner, welcoming over 450 delegates. These achievements reaffirm RWS’ stature as a global leader in sustainable tourism. RWS 2.0 developments with major works along the Waterfront including the 88-metre iconic light sculpture by Heatherwick Studio and Super Nintendo World at Universal Studios Singapore, are progressing well with continued emphasis on upholding a seamless guest experience across the resort.
Looking ahead, RWS will celebrate the festive season with “Season for Good”, a large-scale, resort-wide activation inspired by the upcoming Wicked: For Good movie release, in partnership with Universal Pictures, Sentosa Development Corporation, Singapore Tourism Board and DBS Bank. This activation is expected to elevate destination vibrancy, supporting continued growth in visitorship and sustaining strong business momentum into 2026.
The Nomura analysts said: “A number of attractions have opened so far in 2025, including Minion Land in February 2025, a research and learning centre in May 2025, The Weave [retail mall] in July 2025with outlets opening up progressively (current tenant occupancy ~60 per cent which management expects to reach to 80 per cent by end-2025) and Oceanarium in late July 2025.”
“The 180 key all-suite luxury hotel, The Laurus, a Luxury Collection Resort by Marriott, was launched on 1 October 2025 and its contribution will be evident in 4Q25. However, the works are still ongoing at The Laurus and all rooms are still not available with some common facilities also not open.
“However, management mentioned that it is already seeing overseas guests at the hotel. We therefore expect a further recovery in 4Q25 and more in 2026 once the new attractions opened reach steady-state.”
The post Genting Singapore delivers ‘robust third-quarter result’ appeared first on G3 Newswire.
Results driven by improved VIP and non-gaming business Genting Singapore, operator of Resorts World Sentosa, delivered what it said was ‘a robust third-quarter result,’ posting revenue of $649.8m and adjusted earnings before interest, tax, depreciation and amortisation of $222.7m, representing a quarter-on-quarter growth of 10 per cent and 19 per cent, and year-on-year growth of…
The post Genting Singapore delivers ‘robust third-quarter result’ appeared first on G3 Newswire.