The company, which operates Resorts World Sentosa, saw a 9% y-o-y drop in gaming revenue to $194.7 million.
See also: Zixin 1HFY2026 earnings double to RMB16.06 million
In recent weeks, the tourism and hospitality industry is cheered by the implementation of more so-called “vaccinated travel lanes”.
Genting Singapore calls this development a “significant milestone”.
However, it expects only a “minimal” increase in overseas visitors footfalls. It points out that its traditional large sources of visitors are not yet in the list of countries that can enjoy VTL.
See also: OCBC 1HFY2025 net profit falls 6% y-o-y to $3.7 bil
“At the same time, there may be an impact on the IR’s visitorship from an outflow of the local population to these countries due to the pent-up demand for international travel,” it cautions.
For more stories about where the money flows, click here for our Capital section
Genting Singapore closed Nov 9 at 82 cents, up 0.62% for the day and down 5.23% year to date.
