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Genting Singapore H1 profit up 29%; resort operator flags competitive headwinds

Revenue for the period is up 25% to S$1.36 billion

Joan Ng

Joan Ng

Published Wed, Aug 14, 2024 · 06:21 PM
    • The resort and casino operator says a full recovery to pre-pandemic levels could face headwinds due to recovery of regional travel destinations and rising geopolitical tensions.
    • The resort and casino operator says a full recovery to pre-pandemic levels could face headwinds due to recovery of regional travel destinations and rising geopolitical tensions. PHOTO: GENTING

    RESORT and casino operator Genting Singapore reported a 29 per cent increase in profit for the first half of the year to S$356.9 million.

    The rise was broadly in line with revenue, which climbed 25 per cent to S$1.36 billion.

    Gaming revenue from the company’s Singapore integrated resort rose 28 per cent to S$957.6 million, while non-gaming revenue increased 19 per cent to S$397.9 million.

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