Genting Singapore continues to incur higher costs as it undergoes a multi-year expansion and refurbishment, even as it keeps operating in a “live” environment in a key “transition” year.
Genting Singapore recently announced its FY2025 results ended Dec 31, 2025, which were greeted with mixed sentiment from the Street. To recap, the Resorts World Sentosa (RWS) operator reported a 33% y-o-y drop in FY2025 earnings to $390.3 million, on the back of a 3% dip in revenue to $2.45 billion.
Gaming revenue rose 6% to $1.6 billion. In comparison, non-gaming revenue fell 3% y-o-y to $847.8 million, thanks to the launch of Illumination’s Minion Land at Universal Studios Singapore (USS) in February 2025 and the phased introduction of the asset refresh initiatives in the second half of the year, including the Singapore Oceanarium and the new lifestyle mall Weave.
