LVS’ gross gaming revenue (GGR) for both VIP and mass gaming segments were also at all-time record highs during the quarter. Non-gaming revenue too saw growth, attributable to higher room revenue, due to its suite renovation and refurbishment programme completed in 2Q2025.
CGS International is reiterating its “add” call and 78.5 cents target price on the Resort World Sentosa (RWS) operator Genting Singapore (GENS).
This comes on the back of competitor Las Vegas Sands (LVS), the operator of Marina Bay Sands (MBS), releasing its 4QFY2025 results, which saw a hold-adjusted Ebitda of US$761 million, 36.4% higher y-o-y, due to a quarterly record net gaming revenue of US$1.2 billion, 52.0% higher y-o-y.
