Gaming revenue at Genting Singapore bouncing back on domestic market demand
But stock price may not reflect fully resilience of local sources of income
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SINGAPORE'S gaming sector is far from its pre-pandemic levels - but the bloodshed that analysts had feared last year appears to have been averted.
Local gamers have been supportive in their patronage of tables at the two integrated resorts (IRs): Genting Singapore's Resorts World Singapore (RWS) and Las Vegas Sands Corp's Marina Bay Sands (MBS).
Yet, the unexpected resilience in casinos is not fully reflected in Genting Singapore's share price.
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