12 May '11, 9pm

Genting Singapore scores with high rollers: by Stella Lee SINGAPORE - Integrated resort operator Genting Singapo...

SINGAPORE - Integrated resort operator Genting Singapore has returned to the black in the first quarter, thanks to high-rolling gamblers at its casino and record numbers of overseas visitors to its Universal Studios. The group yesterday reported a net profit of S$305.4 million for the three months ended March 31, turning around from the S$396.3 million net loss in the year-ago period. This was also an improvement from the S$150.3 million loss in the previous quarter. Genting said it "experienced good win percentage and gaming volume in the first quarter of this year with steady growth in Universal Studio Singapore and the hotels." Genting Singapore, which operates the Resorts World Sentosa integrated resort, reported that revenue nearly trebled to S$922.6 million from $346.4 million in the year-earlier period. Gaming revenue from the integrated resort, which opened in Febr...

Full article: http://www.todayonline.com/Business/EDC110513-0000335/Gen...

Tweets

Genting Singapore's stellar performance not sus...

channelnewsasia.com 13 May '11, 3pm

SINGAPORE : Analysts say that casino operator Genting Singapore will unlikely see its net profit grow exponentially going ...

Fortune likely to favour Singapore's gaming sector

todayonline.com 11 May '11, 9pm

SINGAPORE - The chips were down for the local gaming sector last week but its fortunes are set to change. Analysts say the...