Genting Singapore posts 20% rise in 1Q earnings to S$217.2 mil with focus on the affluent

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SINGAPORE (May 10): Genting Singapore reported a 20% rise in 1Q18 earnings to S$217.2 million, from S$181.1 million in 1Q17.

Revenue for the first quarter ended March came in at S$675.1 million, 15% higher than S$586.6 million in the previous year.

Revenue from the gaming division of Resorts World Sentosa saw a 17% increase y-o-y to S$505.4 million. The ongoing strategy to focus on affluent regional business proved to be effective, as the mass and premium mass business continued to deliver encouraging results. The Lunar New Year period saw...(click on link for full story on theedgesingapore.com)