High rollers spent more money than expected at Resorts World Sentosa, helping drive strong earnings and profits in the third quarter for Genting Singapore.
Resorts World Sentosa saw profits surge in the third quarter thanks largely to improvement in VIP spending. (Image: Meinhardt)
Quarterly profits rose 35 percent year-over-year for the operator, thanks largely to stronger volume from VIP and premium mass market gamblers during the quarter.
Overall gaming revenues were up 11 percent to SGD452.05 million ($331 million), providing the bulk of the growth for the company, which saw an eight percent overall increase in revenues. That led to a profit of SGD143.79 million ($105 million) for the firm.
Our gaming business grows steadily with our VIP…
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