These non-gaming revenue sources are likely to continue to improve in the months to come. One of the resort\u2019s latest attractions, the Maritime Experiential Museum, is slated to have a soft launch during an upcoming festive season. The company has also stepped up its culinary attractions: a recent food festival featured 30 celebrity chefs, while a \u201cStreet Eats\u201d event featured vendors from across Southeast Asia. The company is also set to open a new Japanese fine-dining restaurant.<\/p>\n
\u201cThese events have collectively attracted almost 170,000 visitors, which is testimony that our approach to re-position RWS as a lifestyle brand is working,\u201d Genting said.<\/strong><\/p><\/blockquote>\nWhile Genting will undoubtedly be happy with the growth they are seeing out of their Singapore resort, they still have a long way to go to be the top dog in the market. Resorts World Sentosa is firmly entrenched in second place in the two-way race for Singaporean casino supremacy, with Marina Bay Sands holding on to a significant lead.<\/p>\n
According to analysts, Sands holds about 62 percent of the market share in the country, compared to 38 percent for Genting. Analysts at Sanford Bernstein predicted that this situation could become even more lopsided thanks to the many advantages enjoyed by the Sands facility.<\/p>\n
\u201cMarina Bay Sands has a better location in the center of Singapore<\/a>, greater MICE exposure and in our view, a superior management team,\u201d the brokerage wrote in a note released last week.<\/p>\n","protected":false},"excerpt":{"rendered":"High rollers spent more money than expected at Resorts World Sentosa, helping drive strong earnings and profits in the third quarter for Genting Singapore. Quarterly profits rose 35 percent year-over-year for the operator, thanks largely to stronger volume from VIP and premium mass market gamblers during the quarter. Overall gaming revenues were up 11 percent […]<\/p>\n","protected":false},"author":42,"featured_media":62412,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Genting Singapore Sees Surging Earnings and Profits in Third Quarter<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n