Genting Singapore saw its net profit soar more than threefold to SG$276.7 million (US$205.6 million) in the first six months of 2023, aided by strong VIP win rate and a rebound in then non-gaming business at Resorts World Sentosa.
According to the company’s 1H23 financial results, profit for the period improved from SG$84.4 million (US$62.7 million) a year earlier – aided by a 57% year-on-year increase in gaming revenue to SG$746.9 million (US$555 million) and 82% increase in non-gaming revenue to SG$333.2 million (US$248 million). Consolidated revenue was up 63% to SG$1.08 billion (US$803 million), with Adjusted EBITDA of SG$452.5 million (US$337 million) rising 68% on 1H22.
