On May 12, the resort operator reported that revenue for the first quarter was down 3% y-o-y to $608 million. Gaming revenue, which traditionally accounts for the bigger proportion of the business, was down 8% y-o-y to $403.4 million. Non-gaming revenue, which is made up of the rest of the resort business, including retail, attractions and F&B, was up 8% y-o-y to $204.1 million.
Genting Singapore, which operates the Resorts World Sentosa (RWS) integrated resort, suffered a sell-off after reporting much lower results for 1QFY2026 ended March, prompting lower price targets from various analysts.
Chee Zheng Feng of DBS Group Research has downgraded his call for Genting Singapore to “hold” from “buy” following what he calls a “disappointing” set of 1QFY2026 results. His target price has been cut from 85 cents to 67 cents.
