Genting Singapore plc said its third quarter core earnings fell 19%, hurt by a lower win rate in its premium player business, but was in line with analyst expectations.
Genting Singapore made $303.2 million in adjusted earnings before interest, tax, depreciation and amortisation (EBITDA), or core earnings, for July-September, down from $372.1 million a year earlier.
This was roughly in line an average estimate of $306 million, according to five analysts surveyed by Reuters.
Genting Singapore said other business segments remain healthy with Universal Studios Singapore recording a daily average visitation of 9,100 visitors and average spend of $86.
The hotel business also saw an increase in occupancy rate to 93% with an average room rate of $432.
But as the Marine Life Park moves into its final pre-operations phase, Genting Singapore said it will continue to incur pre-opening operating costs without corresponding revenue.
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