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Genting Singapore profits rise by 8.3%

Genting Singapore profits rise by 8.3%
December 23, 2011

Rising casino revenues and healthy visitor arrivals at Universal Studio Singapore helped to boost profits at Resorts World Sentosa (RWS) in the third quarter of this year.

Genting Singapore, which owns RWS, recently reported third quarter operating profits at Singapore's first integrated resort rose 8.3% from a year ago to $375.3 million.

Genting said this was partly due to a 'favourable win percentage' in its premium player business during the quarter, meaning that high-rolling gamblers took home less in winnings.

Another factor for the improved figures was the robust performance of Universal Studios Singapore.

In the fourth quarter, RWS has opened its new Maritime Museum while Universal Studios Singapore debuted its Tranformers: The Ride 3D experience at the beginning of December. 

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