A stroke of bad luck. That's what casino operator Genting Singapore PLC blamed for reporting a sharply lower-than-expected quarterly profit, while also flagging a cautious outlook due to muted Chinese economic growth.
Genting Singapore's Resorts World Sentosa, one of two casinos in the island state that are the envy of the global industry since opening three years ago, said that its 35 percent fall in core earnings simply came down to so-called "premium" gamblers getting lucky.
Those figures were in stark contrast to Wednesday's quarterly earnings announced by Las Vegas Sands Corp, owned by billionaire Sheldon Adelson, which had been boosted by strong results in Singapore and Macau. Full story
Related:
Genting Singapore misses profit estimate as gamblers get lucky - Yahoo! News Canada
Genting Singapore misses profit estimate as gamblers get lucky - Reuters
