Genting’s Singapore casino Q2 EBITDA falls 34pc on-quarter
The Malaysian Insider, 12 Aug 2011
SINGAPORE, Aug 12 — Genting Singapore said today that gross earnings from its casino-resort in the second quarter fell 34 per cent from the previous three months, lagging behind rival Marina Bay Sands, as it was hit by lower win percentages in its premium players segment.
Resorts World at Sentosa made S$352.5 million (RM873.3 million) in earnings before interest, tax, depreciation and amortisation (EBITDA) in April-June, down 33 per cent from the S$524.6 million reported for the year ago period.
This was also 34 per cent lower than the S$537.9 million it earned in the first quarter of this year. Full story
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