The group’s overall weaker performance y-o-y can be attributed to Singapore seeing stronger visitorship and tourism spending during last year’s Chinese New Year festive season and the relaxation of visa regulations between China and Singapore last February.
Genting Singapore (GENS) recently reported its 1QFY2025 ended March 31 results, which saw earnings decline by 41% y-o-y to $145 million. On a q-o-q basis, earnings grew 2%.
The group reported revenue of $626.2 million and adjusted ebitda of $235.8 million for 1QFY2025, down 20% y-o-y and 36% y-o-y, respectively. On a q-o-q basis, these figures improved by 2% and 3% respectively.
