SINGAPORE (May 9): Genting Singapore (GENS) reported 1Q19 earnings fell 5% to S$205.5 million from S$217.2 million in 1Q18.

This came on the back of a 5% drop in revenue to S$640.4 million from S$675.1 million last year, mainly due the group’s gaming business in Resorts World Sentosa experiencing an 8% y-o-y drop in revenue to S$430.2 million.

This was partially offset by higher revenue from the group’s non-gaming business in the Singapore IR, which saw 1% y-o-y increase to S$209.3 million, marking its eighth consecutive quarter of y-o-y revenue growth with higher spend per visitor; as well as a 56% increase from other revenue to S$0.9 million... (Click here to read the full story)