Singapore casinos hit the jackpot
Casino business in Singapore is booming with Genting Singapore revealing that Resorts World Sentosa (RWS) generated S$732 million in revenue and pre-tax profits of S$346.5 million for the third quarter of this year.
It has also unveiled details of new attractions for Universal Studios Singapore. The Battlestar Galactica ride, which has been suspended from operations since March because of a defect, will re-open in the first half of next year after modifications.
Last month Marina Bay Sands (MBS) owner Las Vegas Sands said the casino-resort pulled in revenues of S$631 million, making a pre-tax profit of S$315 million for the period ended September 30 – its first full quarter of operations since opening in April.
MBS enjoyed a higher profit margin of 49.7 percent, compared to RWS’ 47 percent over the same period, the Straits Times reported.
Ian Jarrett
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