With a lack of a steady stream of customers and huge expenses in its recent history, the Singaporean casino had no choice but to cut costs.
Yokohama has finally decided that a pandemic should postpone their RFP process, and Genting has re-assured investors that they are committed to a bid.
Genting has layed out its plans to investors, setting a $10 billion budget, and suggesting it may go for more than one license.
With gambling revenue down, Genting Singapore’s overall profits have declined significantly.
Genting Singapore's revenue climbed 13.6% compared to the same period last year, reaching $460.63 million but they would like to see more.
Genting Singapore Ltd. has delivered its financial report for the first quarter of 2019, and things could have definitely been better.
For the last quarter of 2018, Genting Singapore saw a 13.1% increase year-on-year for its net profit.
Genting Singapore improved its VIP gambling segment market share during Q4, which is setting the stage for further growth throughout the current year.
Resorts World Sentosa in Singapore, operated by a subsidiary of the Genting Group, has received an extension of its license.
A report for Genting Singapore showed a modest improvement in profit of SGD177.6 million (US$129.6 million) despite a 6% decline in revenue.