Lower VIP volume, bad debt chip away at Genting's bottom line

Singapore

SOURED gambling debt and dwindling volume of Chinese high rollers chipped away at Genting Singapore's final quarter results with the casino giant swinging into the red for the final quarter and posting its smallest annual profit in five years.

South-east Asia's gaming stalwart suffered a net loss attributable to shareholders of S$7.75 million for the final quarter ended December 2015, against a profit of S$89.2 million a year ago.

Including S$29.7 million apportioned to holders of perpetual securities, net profi…