Genting Singapore - DBS Research 2026-02-25: Reset Into A Year Of Market Share Recovery

• While the broader gaming industry recorded strong growth in 2025, Genting Singapore (SGX:G13) underperformed amid ongoing renovation disruption and intensified competition from MBS.
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• 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.
• - Read this at SGinvestors.io -

Key briefing takeaways

Key attractions are ramping up.

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Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2026-05-13 Genting Singapore - Need For An Operational & Strategy Rethink.

Price targets by 3 other brokers at Genting Singapore Target Prices.

Listing of research reports at Genting Singapore Analyst Reports.

Relevant links:
Genting Singapore Share Price History,
Genting Singapore Announcements,
Genting Singapore Dividend Payout Dates & Corporate Actions,
Genting Singapore News