Resorts World has again lost market share to Marina Bay Sands

Genting Singapore' gambling business reports lower mass market gross gaming revenue and VIP volume in 4Q2011.

“While the six-week school holidays and new Transformers ride that opened on 2 December 2011 increased daily average visits to Universal Studios Singapore from 9,400 in 3Q11 to 10,250 in 4Q11, we estimate that RWS’s 4Q11 mass market GGR counter-intuitively eased 5% QoQ,” KimEng analyst Shin Yao Teng

RWS’s 4Q11 VIP volume also contracted 26% QoQ. KimEng however notes that it still managed to maintain profitability.

"its VIP win rate of 3.9% (3Q11: 3.17%) and lower provisioning of $20.7m (3Q11: SGD56.9m) led 4Q11 EBITDA margin 2ppts higher QoQ to 51%.While the low 4Q11 VIP volume may spook investors, we caution that VIP win rate and VIP volume are inversely related," said Shin.

Going forward, KimEng is optimistic on 1Q12 post the opening of the Equarius Hotel & Beach Villas that will nearly triple RWS’s VIP room inventory.

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.

3 days ago

SBR 4 Lorem Ipsum [8 May Top Stories]

3 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