Genting Singapore’s Q3 net profit nosedives to $79.4m in Q3

The company attributed the decline to lower VIP rolling volume and win rate.

Genting Singapore's net profit nosedived to $79.4m in Q3 2024 on lower VIP rolling volume and win rate.

Compared to the same period last year, the profit was 63% lower.

In its latest financial statement, Genting Singapore also reported a lower revenue.

Revenue fell 19% YoY to $561.9m, dragged by gaming, which reported a 28% YoY decline.

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Genting Singapore Limited

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