Content Writer: Janice Chew • Wednesday, 26/05/2026 - 21:40:38 - PM
Genting Singapore has reported a challenging start to 2026, with net profit falling 55% year-on-year to SG$65.2 million (US$51.2 million) despite relatively stable overall revenue performance at Resorts World Sentosa.
Revenue for the quarter declined only 3% to SG$607.6 million, showing that visitation demand remains relatively resilient. However, rising operational costs significantly pressured margins, with Adjusted EBITDA down 24% to SG$179.0 million.
The company pointed directly to the broader impact of the Middle East conflict and ongoing geopolitical uncertainty, citing higher energy prices, freight and logistics costs, as well as elevated airfares that are affecting regional travel demand and consumer sentiment.
Gaming revenue declined 8% year-on-year to SG$403.4 million, although Genting Singapore noted that gaming momentum improved towards the end of the quarter. Meanwhile, non-gaming revenue increased 8% to SG$204.1 million, supported by stronger visitation to attractions such as Universal Studios Singapore and the Singapore Oceanarium.
The results reflect a broader trend currently seen across Asia’s integrated resort industry: operators are maintaining visitor traffic, but profitability is increasingly challenged by global macroeconomic and geopolitical factors beyond their direct control.
Despite near-term pressures, Genting Singapore said it remains focused on long-term growth through asset enhancements, new concepts, hotel upgrades and technology investments as part of its ongoing development strategy for Resorts World Sentosa.
