MBS's rolling chip volume declined 2.6% y-o-y and 0.5% q-o-q to US$8.03 billion in 1QFY2025, suggesting slowing revenue momentum for the VIP gaming segment in Singapore, says Tay.
CGS International Research analyst Tay Wee Kuang says Genting Singapore (SGX:G13
) is "unlikely" to replicate Marina Bay Sands' (MBS) record mass gaming revenue, following the release of New York-listed Las Vegas Sands' (LVS) results for 1QFY2025 ended March 31.
LVS reported record hold-adjusted ebitda of US$605 million ($795.56 million), up 1.3% y-o-y and up 12.7% q-o-q, as mass gaming revenue reached US$775 million, up 13.0% y-o-y and 4.1% q-o-q.
