Genting Singapore Q1 profit halved as gaming revenue weakens

The segment's revenue dropped 8% to $403.4m.

Genting Singapore’s net profit plummeted 55% to $65.2m for the first quarter ended 31 March 2026, as lower gaming revenue and higher costs weighed on performance at Resorts World Sentosa (RWS), according to its financial report.

Revenue fell 3% year on year to $607.6m due to an 8% drop in gaming revenue to $403.4m. Despite this, the group said gaming revenue showed improving momentum towards the end of the quarter.

Non-gaming revenue increased 8% to $204.1m, supported by higher visitation to Universal Studios Singapore and the Singapore Oceanarium at RWS.

Adjusted earnings before interest, tax, depreciation, and amortisation dropped 24% to $179.0m.

The group also reported higher energy, freight, and logistics costs linked to geopolitical developments and conflict in the Middle East, whilst higher airfares affected travel demand and consumer sentiment.

The group said it will invest in new concepts, hotel and asset enhancements, amenities, and technology applications, adding that it will focus on enterprise-wide integration to strengthen operational coherence and unlock synergies.

The group continued asset optimisation initiatives during the quarter. It held seasonal events and promotions and introduced new concepts at RWS.

These included BODHI Spa at The Laurus, QUAN Hotpot, and new tenants, including People People Brewing Co. It also launched attraction season passes.

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Genting Singapore Limited

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