Genting Singapore net profit falls 5% in Q2

Singapore

GENTING Singapore, which owns Resorts World Sentosa (RWS), has posted a net profit of S$168.4 million for the second quarter, down 5 per cent from the same period a year earlier.

The decline might have been sharper, if not for the high rolling win percentage in the VIP rolling business that provided some buffer against the slowing economy.

Revenue for the three months ended June 30 rose 14 per cent to S$636.8 million.

Gaming revenue rose 22 per cent …