Genting Singapore swings to the red in Q2

Singapore

A DIFFERENT quarter, the same story. Slumping VIP volumes and low luck factor continued to vex Genting Singapore's fortunes with the casino giant reporting a second-quarter net loss attributable to shareholders of S$16.9 million, against a net profit of S$102.3 million a year ago.

Including S$29.4 million apportioned to holders of perpetual securities, it made a net profit of S$12.5 million, down 91 per cent from S$131.7 million a…