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Genting Singapore posts 5% drop in 1Q earnings to $205.5 mil on lower gaming revenue

Samantha Chiew
Samantha Chiew5/9/2019 05:42 PM GMT+08  • 2 min read
Genting Singapore posts 5% drop in 1Q earnings to $205.5 mil on lower gaming revenue
SINGAPORE (May 9): Genting Singapore (GENS) reported 1Q19 earnings fell 5% to $205.5 million from $217.2 million in 1Q18.
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SINGAPORE (May 9): Genting Singapore (GENS) reported 1Q19 earnings fell 5% to $205.5 million from $217.2 million in 1Q18.

This came on the back of a 5% drop in revenue to $640.4 million from $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 $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 $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 $0.9 million.

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