Genting Singapore 3Q profit falls 42% as gaming revenue retreats
Resorts World Sentosa cites softer premium play and renovations constraining capacity into 2027
Key Takeaways
- Genting Singapore reported 3Q profit after tax of SGD54.7 million, down 42.2% year-on-year.
- Aggregate revenue for the quarter was about SGD566.1 million, a 12.9% year-on-year decline.
- Gaming revenue fell to just under SGD315.0 million, down 21.7% year-on-year and 21.4% sequentially.
- Genting Singapore is proceeding with the SGD6.8 billion RWS 2.0 expansion, with new facilities due through to 2030.
Genting Singapore Ltd reported third-quarter profit after tax of SGD54.7 million (US$42.5 million) for the three months to 30 September 2026, down 42.2% year-on-year and down 39.8% sequentially. Aggregate revenue for the quarter was about SGD566.1 million, a 12.9% decline from the prior-year period.
Revenue and margins
Third-quarter adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) fell 27.4% year-on-year to SGD161.8 million. Gaming revenue for the period was just under SGD315.0 million, 21.7% lower than a year earlier and 21.4% down sequentially. Non-gaming revenue stood at SGD250.9 million, up 1.5% from the prior-year quarter.
What the company said
Genting Singapore, the operator of Resorts World Sentosa and a subsidiary of Genting Bhd, attributed the quarterly decline to reduced premium player activity at Resorts World Sentosa. The company said performance was negatively affected by “softer premium gaming activity”, adding that this was “consistent with a trend observed in regional key markets”. It also stated: “An unfavourable rolling win rate in September further impacted revenue.”
The firm said non-gaming performance “remained resilient” despite “reduced hotel room inventory” tied to ongoing renovations at Resorts World Sentosa. The company described the property as “entering the next phase of its renewal, including the upgrading and repositioning of its hotel portfolio, as well as enhancements to its gaming areas, lounges, dining and guest spaces”. Genting Singapore warned those steps will “temporarily constrain operating capacity” at the resort through 2027.
RWS 2.0 expansion and outlook
Genting Singapore is also progressing with the SGD6.8 billion Resorts World Sentosa expansion known as RWS 2.0. The project includes two new luxury hotels with 700 rooms, additional attractions at Universal Studios Singapore, and new shopping, dining and waterfront facilities, with completion of the new elements due progressively through to 2030.
Ratings agencies have flagged the company’s near-term earnings pressure. S&P Global Ratings said in September it expected Genting Singapore’s earnings to remain soft for several quarters, with gradual improvement as phased renovations complete. Fitch Ratings in September forecast “flat” gaming revenue for Genting Singapore in 2026 as it continues to renovate hotels and casino areas. The agencies noted competitive challenges versus Marina Bay Sands, operated by a unit of Las Vegas Sands Corp, which benefits from a more central location close to international hotels.
Genting Singapore said it is focused on capturing year-end travel and festive demand in the final quarter of 2026. For more on resort operations see Resorts World Sentosa.
Frequently Asked Questions
What profit did Genting Singapore report for 3Q 2026?
Genting Singapore reported profit after tax of SGD54.7 million for the third quarter to 30 September 2026, a 42.2% drop versus the prior-year period and a 39.8% fall sequentially.
How much did gaming revenue decline in the quarter?
Gaming revenue for the three months to 30 September 2026 was just under SGD315.0 million, down 21.7% year-on-year and down 21.4% sequentially.
What is RWS 2.0 and what are its timelines?
RWS 2.0 is Genting Singapore's SGD6.8 billion Resorts World Sentosa expansion that includes two new luxury hotels with 700 rooms and additional attractions, with the new facilities completing progressively through to 2030.
Tags
About the author
Oliver Grant
Industry Technology Correspondent
Oliver Grant covers the technology and business machinery of iGaming — platform and data deals, AI and compliance tooling, affiliate and marketing shifts, and the quarterly numbers behind them. The reports lead with the announcement, name the vendors and figures exactly as published, and separate genuine capability from press-release promise. When a supplier ships a new engine or a regulator tightens ad rules, Oliver Grant explains what actually changes for the companies involved.
More from Oliver Grant
