Your Daily Asia Gaming eBrief: Genting Singapore records 3Q22 net profit of $98mln

Good morning. Good news across the board (except Macau) in quarterly results, with Genting Singapore seeing a 123 percent yearly increase in profit, as Resorts World Sentosa registered $275.9 million in gross gaming revenue in 3Q22, led by 'affluent' customers - a segment it plans to focus more on. But in Macau restrictions continue to hinder, with Galaxy registering a 75 percent yearly drop in GGR in 3Q22, to just $117 million.

What you need to know

• Galaxy Entertainment Group records a 75% yearly drop in GGR for 3Q22, comprised almost solely of mass gaming, despite the visitation drop.
• Genting Singapore nets strong results in 3Q22, with net profit at $98.06 million, up 123 percent annually, RWS expansion 'proceeding expeditiously'.

On the radar

• Paradise Co sees $29.15mln in profit for 3Q22.
• Kangwon Land registers 3Q22 profit of $55mln.
• Grand Korea Leisure records $3.6mln profit for 3Q22.
• MGM Resorts issues $750mln loan to MGM China

AGB Intelligence

SINGAPORE

Genting Singapore shining with $98 million in profit for 3Q22

Industry Updates

• EvenBet launches ‘Teen Patti’ on its turnkey platform.
• MGM Resorts unveils Bellagio Fountains Grandstands for F1 LV 2023.

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