Genting S'pore's full-year gains fall 33% amid asset enhancement works at RWS

Genting Singapore, operator of Resorts World Sentosa (RWS), reported after the market closed on Feb 24 lower earnings for 2025, due to higher costs from the roll-out of new attractions and ongoing renovation works at the integrated resort (IR).

- Rosalind Ang

The group saw a 33 per cent year-on-year decrease in net profit to $390.3 million for the full year ended Dec 31.

The cost of new launches, operating costs incurred during temporary closures, and ongoing infrastructure upgrades and technology system enhancements contributed to a 15 per cent decline in profit in the main casino and IR business. This came on the back of a smaller drop in revenue, around 3 per cent, to $2.45 billion over the period.

Genting Singapore said total revenue in 2025 was affected because it made less money from gaming, as it did not win as much from players as before. However, this was partly offset by stronger non-gaming revenue, which improved in the second half of the year as revamped attractions and hotel offerings drew more visitors and boosted overall activity at the resort.