Genting Singapore third-quarter profit falls 42.2% as gaming revenue declines

Genting Singapore reported a 42.2 percent year-on-year drop in third-quarter profit after tax to SGD54.7 million (US$42.5 million), as gaming revenue fell at its Resorts World Sentosa casino resort in Singapore.

Revenue for the three months to September 30, 2026, declined 12.9 percent to about SGD566.1 million, GGRAsia reported, citing the company's Thursday announcement. Profit fell 39.8 percent from the preceding quarter.

Gaming revenue fell 21.7 percent from a year earlier and 21.4 percent sequentially to just under SGD315.0 million. Non-gaming revenue rose 1.5 percent year-on-year to SGD250.9 million.

Adjusted earnings before interest, taxation, depreciation and amortization fell 27.4 percent year-on-year to SGD161.8 million. The company said weaker premium gaming activity and an unfavorable rolling win rate in September affected revenue.

G3 Newswire reported that Genting Singapore said adjusted EBITDA would have been approximately $36m higher on a normalized rolling hold basis.

The company said non-gaming performance held up despite fewer available hotel rooms during renovations. Work on the resort includes upgrades to hotels, gaming areas, lounges, dining and guest spaces, and will temporarily constrain operating capacity through 2027.

Genting Singapore is also developing the SGD6.8 billion RWS 2.0 expansion. It includes two new luxury hotels with 700 rooms, additional attractions at Universal Studios Singapore, and shopping, dining and waterfront facilities, with completion scheduled progressively through to 2030.

In September, S&P Global Ratings said it expected the company's earnings to remain soft for several quarters, with gradual improvement as the resort's facilities are renovated in phases. Fitch Ratings forecast “flat” gaming revenue for Genting Singapore in 2026.