- While the broader gaming industry recorded strong growth in 2025, Genting Singapore (SGX:G13) underperformed amid ongoing renovation disruption and intensified competition from MBS.
- - Read this at SGinvestors.io -
- VIP rolling volume still grew, but at a much slower 7% y-o-y versus more than 60% at MBS, and the benefit was diluted by a weaker win rate, which fell from 3.5% in 4Q24 to 2.9% in 4Q25. Mass gaming volume was also soft, largely due to a 34% y-o-y decline in slot volume.
- Hotel occupancy eased to 77% in 4Q25, partly because The Laurus was not fully available for booking. Management intentionally did not release the full room inventory despite the official opening in Oct 2025, as certain facilities such as the bar and spa were not yet operational.
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Key briefing takeaways
Key attractions are ramping up.
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