Genting Singapore's mass market share rises to 40%

The VIP gross gaming revenue has been sustained.

Genting Singapore saw a better mass market share in the past quarter, expanding Q1's 38% to 40%.

According to CIMB, this came as the VIP gross gaming revenue is sustained despite a slight dip in rolling chip volume market share to 34%. The VIP gaming revenue was also upheld by better win rates of 3% and lower discounts and rebates.

"We see the mass market share gain as a testament to management's pursuit of the premium mass segment and think the VIP segment could see sustained GGR as management highlighted it aims to enhance this business," analyst Cezzane See noted.

To recall, Genting Singapore managed to rebound from a $10.5m net loss last year to a $143.m net profit.

This was contributed by a healthy 24% YoY growth in revenue to $596.1m, which resulted from a 33% jump in gaming revenue.

Also Read

Tiong Seng launches first senior-care facility in Tianjin, China

SLA and STB award state properties at Dempsey Road for wellness, creativity

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

SBR 5 Lorem Ipsum News 2 [8 May]

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

5 days ago

SBR 4 Lorem Ipsum [8 May Top Stories]

5 days ago

Vibrant Group wins suit against Blackgold Australia

The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.

Lorem Ipsum text in year 2025

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old.

Agribusiness