Genting Q4 net down as pool of VIP gamblers shrinks
But in the mass market slot, where margins are better and less volatile, the tables are turning in its favour
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Singapore
CASINO stalwart Genting Singapore's game sheet for the final quarter disappointed with net profit falling 36 per cent to S$89.2 million, no thanks to low luck factor and shrinking pool of VIP gamblers.
Including S$29.7 million apportioned to holders of perpetual capital securities, net profit fell 30 per cent to S$118.9 million. Revenue slipped 8 per cent to S$637.9 million from S$692.9 million.
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