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Genting Singapore posts 24% drop in 3Q earnings to $159 mil on lower gaming revenue

Uma Devi
Uma Devi • 2 min read
Genting Singapore posts 24% drop in 3Q earnings to $159 mil on lower gaming revenue
SINGAPORE (Nov 7): Genting Singapore (GENS) reported earnings of $158.9 million for 3Q19 ended September, some 24% lower than $210.4 million a year ago. 
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SINGAPORE (Nov 7): Genting Singapore (GENS) reported earnings of $158.9 million for 3Q19 ended September, some 24% lower than $210.4 million a year ago.

Revenue for the quarter fell 7% to $596.1 million from $639.1 million in 3Q18, which the group attributed mainly to “a confluence of headwinds”.

The revenue decline was spearheaded by an 11% y-o-y drop in revenue contribution from the gaming segment to $360.8 million. This was also 18% q-o-q lower compared to gaming revenue of $441.1 million in 2Q19.

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