Genting Singapore H1: Revenue down 10% as profits fall
A new oceanarium, hotel and Minion’s experience are all on the cards for Genting Singapore this H1.
Key points:
– Revenue, adjusted EBITDA and net profit all fell this period
– This was predicated by analysts earlier in the year
– However, diversification efforts are still going strong
Genting Singapore has released its financial figures for the period ending 30 June, 2025.
During these six months, revenue fell 10% year-on-year to S$1.21bn (US$950m).
Revenue from gaming dropped 12.3% to S$839.4m, while hotel rooms also fell 19% to S$98.4m.
However, attractions actually increased by 1.7% to bring the total to $204.7m – perhaps lending support to the argument to boost diversification efforts in casinos.
Genting Singapore explains the annual changes through lower visa-driven demand at the start of the year, while there was a growth in VIP rolling volume and win rate in the second quarter.
Gross profit decreased 16% to S$406.9m, while net profit dropped 34% to S$234.7m.
These figures align with analyst expectations from earlier this year.
Adjusted EBITDA fell 25.8% to S$423.7m, which Genting Singapore explained being due to higher costs and the temporary closure of the SEA Aquarium in May and June as the company opened the Singapore Oceanarium.
On the topic of the Oceanarium, Resorts World Sentosa (RWS) inaugurated a new research and learning centre at the exhibit to boost marine education, research and conservation.
Good to know: This year, RSE launched Illumination’s Minion Land at Universal Studios Singapore, featuring “a fun-filled day of laughs and mischief with your favourite characters”
In July, a new precinct opened featuring 40 international and local brands, while Geting Singapore prepares to open The Laurus in October 2025.
This will be Singapore’s first The Luxury Collection-branded all-suite hotel developed alongside Marriott International.
Also noted in the report, regarding RWS 2.0: “Upon full completion by 2030, RWS will offer an expanded suite of attractions, family-friendly experiences, refreshed hospitality and distinctive lifestyle offerings – strengthening the Group’s position as an integrated lifestyle precinct that appeals to a new generation of experience-driven travellers and modern families seeking to create lasting memories through immersive experiences and enriching activities.”
Gambling Insider delivers the latest industry news, in-depth features, and operator reviews that you can trust. Our team combines rigorous editorial standards with decades of specialized expertise to ensure accuracy and fairness. We are committed to delivering clear, impartial, and dependable coverage across the global gambling sector.
