Thursday, November 10, 2011

Genting Singapore posts 12% rise in 3Q net profit to $210m

Genting Singapore says third-quarter net profit rose 12% from a year ago to $209.7 million, boosted by higher win percentages in its premium player business.

The casino and resorts operator posted revenues of $801.8 million, up 8% from $744 million a year ago.

Genting Singapore also says the construction of the west zone of Resorts World Sentosa has been “progressing feverishly”.

Expected to be completed by the middle of next year, the west zone will feature the Maritime Experiential Museum and Aquarium, the Equarius Hotel and Beach Villas.

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