GGRAsia – Singapore

Sands China 3Q adjusted EBITDA up 17pct q-o-q

Oct 19, 2023 Newsdesk Latest News, Macau, Singapore, Top of the deck

Macau casino operator Sands China Ltd saw a 16.6 percent quarter-on-quarter gain in adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA) in the three months to...

GEN Singapore eyes expansion elsewhere: Maybank

Oct 11, 2023 Newsdesk Latest News, Singapore, Top of the deck

Genting Singapore Ltd, the backer of the Resorts World Sentosa casino complex in Singapore, is prepared to “consider expanding into other markets” if projected internal rate of return exceeds 15...

Indonesia top source for Singapore visitors in Sept

Oct 09, 2023 Newsdesk Latest News, Singapore, Top of the deck

During September Indonesia overtook mainland China as the top source market for Singapore’s monthly visitor arrivals, according to Singapore Tourism Board data. In that month, the city-state had...

GEN Sing cash flow to cover capex, dividend: Moody’s

Oct 05, 2023 Newsdesk Latest News, Singapore, Top of the deck

Moody’s Investors Service Inc says it expects Genting Singapore Ltd, operator of the Resorts World Sentosa casino complex (pictured) in the Singapore duopoly market, to generate SGD1.4 billion...

Resorts World Sentosa fined again for AML rule breaches

Sep 27, 2023 Newsdesk Latest News, Singapore, Top of the deck

The operator of the Resorts World Sentosa casino resort in Singapore has been fined for regulatory breaches in the 2022/23 reporting period, according to the first annual report of Singapore’s...

Singapore logs 1.3mln visitors in Aug, China top source

Sep 11, 2023 Newsdesk Latest News, Singapore, Top of the deck

The tally of visitor arrivals to Singapore in August fell by 7.8 percent month-on-month, according to the latest monthly statistics published by the Singapore Tourism Board (STB). Mainland China...

MBS expansion to cost above US$3.3-bln pledged in 2019

Aug 22, 2023 Newsdesk Latest News, Singapore, Top of the deck

The parent of Singapore casino resort Marina Bay Sands (MBS) says its expects costs of an expansion project agreed with the country’s authorities in April 2019 will “materially exceed” the...

China biggest source of Singapore July visitor arrivals

Aug 16, 2023 Newsdesk Latest News, Singapore, Top of the deck

China was Singapore’s largest single source of visitor arrivals in July, with the city-state’s monthly tally of mainland China tourists more than doubling compared to June. That is according to...

RWS mass share concerns but strong end to 1H: analysts

Aug 11, 2023 Newsdesk Latest News, Singapore, Top of the deck

The first-half results of Singapore casino operator Genting Singapore Ltd were “better” than had been feared following a soft first quarter, said two brokerages. A third noted that although the...

GEN Singapore 1H profit US$206mln, names RWS president

Aug 10, 2023 Newsdesk Latest News, Singapore, Top of the deck

First-half net profit at the operator of the Resorts World Sentosa (RWS) casino complex (pictured) in Singapore jumped by 227.7 percent year-on-year, to SGD276.7 million (US$205.6 million). On...