Genting Singapore profit falls 42% in 3Q on weaker premium gaming and low win rate – IAG

Non-gaming performance was more resilient, with revenue increasing 1% year-on-year to SG$250.9 million (US$195 million) despite reduced hotel room inventory. Consolidated revenue was down 13% year-on-year to SG$566.1 million (US$440 million).

In its quarterly update, Genting Singapore said it continues to strengthen its premium customer strategy at RWS by enhancing its business development and marketing capabilities and tapping into a “vibrant calendar” of programming and new openings in its lifestyle enclave, WEAVE.

“RWS is entering the next phase of its renewal, including the upgrading and repositioning of its hotel portfolio, as well as enhancements to its gaming areas, lounges, dining and guest spaces,” the company explained. “These works will temporarily constrain operating capacity through 2027. These investments, taken together, will strengthen RWS’ hospitality offering, broaden its appeal and create a more integrated destination proposition for the future.

“The Group is focused on capturing year-end travel and festive demand as RWS enters the final quarter of 2026. Alongside these near-term priorities, the Group continues to advance its resort-wide renewal, reinforcing RWS’ position as an integrated destination and laying the foundation for long-term growth and competitiveness.”