In its 3QFY2023, MBS’ net gaming revenue improved 7.6% q-o-q, exceeding pre-pandemic levels. On a constant currency basis, the mass market’s 3QFY2023 gross gaming revenue (GGR) declined 1% q-o-q, while VIP GGR rose 42% q-o-q.
Analysts at Citi Research, UOB Kay Hian and CGS-CIMB Research are keeping their “buy” and "add" calls on Genting Singapore (SGX:G13
) after rival Marina Bay Sands (MBS) had shown continued strong earnings momentum and record high revenue.
New York Stock Exchange-listed Las Vegas Sands’ 3QFY2023 ended September results revealed that MBS’ adjusted ebitda surged about 14% q-o-q to US$491 million ($674 million) — the highest quarterly figure since the onset of the pandemic and well exceeding 2019 numbers.
