Lower VIP volume, bad debt chip away at Genting's bottom line
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
