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Genting Singapore Q1 gain battered by bad debt, softer gaming revenue

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Published Fri, May 13, 2016 · 09:50 PM

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Singapore

WEAKER gaming revenue from its Singapore integrated resort (IR) and a drop in other operating income battered Genting Singapore's first-quarter earnings.

The casino operator's previous easy-credit policy has also continued to haunt it as the group's impairments on trade receivables ballooned 21 per cent year on year to around S$92 million in the quarter.

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