Genting Singapore saw revenues fall 12% QoQ to S$278mn ($209mn) and net profits fall 74% QoQ to S$34.5mn ($26mn). Its gaming segment at Resorts World Sentosa did well with revenues marginally higher by 2% to S$216.9mn ($163mn) but non-gaming revenues crashed 56% YoY and 29% QoQ to S$60.7mn ($46mn). The company said the fall in profits “would have been more pronounced if not for the various support measures initiated by the Singapore Government”. They expect international visitor arrivals to Singapore, especially for leisure purposes unlikely to return in the near term hurting key sources of revenue.
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