You are here

Genting's Q3 net profit down by almost 24%

BT_20141122_GENTING22551X_1379509.jpg
FALLING REVENUE: China's corruption crackdown and economic slowdown have reduced the number of VIPs at casino tables.

Kuala Lumpur

MALAYSIAN conglomerate Gen-ting posted a 23.6 per cent drop in third-quarter profit on Friday, dragged lower by the impact of falling revenue from big money gamblers on its Singapore unit, South-east Asia's largest casino operator.

Group net profit for July-September...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes