Genting Singapore Q1 after-tax profit drops 55 per cent to S$65.2 million on lower gaming revenue
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Genting Singapore reported a 55% drop in Q1 after-tax profit to S$65.2 million, down from S$145 million a year earlier, due to an 8% decline in gaming revenue. Total group revenue fell 3% to S$607.6 million. Non-gaming revenue increased by 8% to S$204.1 million, aided by higher visitor numbers. The company cited rising costs from geopolitical tensions affecting supply chains and plans to enhance guest experiences through asset optimization and new promotions. The stock rose 1.5% to S$0.69 before the announcement.
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