Genting Singapore reported total revenue of SG$612 million (US$459 million) for the three months to 31 December 2024, representing a 9% sequential increase thanks to strength in gaming at its Singapore IR, Resorts World Sentosa.
According to information released overnight, the Q4 result included gaming revenues of SG$416 million (US$312 million) – down 6% year-on-year but 26% higher compared with the September 2024 quarter. Although gaming volumes were down across the board, Genting benefited from a high 3.50% win rate in VIP.
Non-gaming revenues fell by 10% year-on-year and 17% quarter-on-quarter to SG$192 million (US$144 million).
Adjusted EBITDA of SG$225 million (US$169 million) was down 1% year-on-year but up 37%, with the company citing seasonality, the impact of a strong Singapore dollar and elevated travel costs.
