Resorts World Boosts Genting Singapore Results

Resorts World Sentosa, the first of Singapore’s casino duopoly to open this year, has seen an ‘explosive start’ since mid-February according to analysts, but parent company Genting Singapore delivered yet more downbeat news on trading at its UK operation in the company’s first-quarter results released late last week.Resorts World Sentosa (RWS) made a debut revenue contribution of S$334.9m in the three months to March and an adjusted EDITDA of S$108.9m - figures which analysts at DBS Group concluded was undoubtedly “impressive” given that the casino had only been opened for one and a half months, was not fully ramped-up and that its revenues came without the help of junkets.

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