- Genting Singapore (SGX:G13)’s weaker 2Q25 results reflect softening RWS footfall, impacted by several major renovations. Profitability margins also contracted on higher staff costs following the launch of new attractions under the RWS 2.0 blueprints.
- - Read this at SGinvestors.io -
2Q25: Below expectations.
- Resort World Sentosa (RWS) reported 2Q25 revenue of S$588m (-6% q-o-q, +3% y-o-y) and EBITDA (-20% q-o-q; -7% y-o-y). Notably, earnings declined meaningfully due to higher costs and the temporary closure of S.E.A. Aquarium in May and June to facilitate the opening of the Singapore Oceanarium (end-July).
- - Read this at SGinvestors.io -
Gaming segment lifted by stronger VIP volume, offsetting weaker mass market segment.
- Higher VIP rolling chip volume (+6% q-o-q) offset the lower win percentage of 3.3% (1Q25: 3.39%), lifting overall VIP’s gross gaming revenue (GGR) by 5% q-o-q in 2Q25.
- Meanwhile, mass GGR is estimated to have declined 10% q-o-q as overall RWS footfall is impacted by the ongoing property renovations and absence of festivities in the quarter.
Non-gaming segments softened.
- Read more at SGinvestors.io.
