{
  "id": 19746058,
  "title": "Genting Singapore shares hit 1-year low after Q3 profit falls 42.2%",
  "url": "https://urgent.news/2026/11/13/genting-singapore-shares-hit-1-year-low-after-q3-profit-falls-42-2",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T02:03:59.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/genting-singapore-shares-hit-1-year-low-after-q3-profit-falls-42-2"
  },
  "original_language": "en",
  "account": "Shares of Genting Singapore reached a one-year low on Friday, November 13, following the release of the company's third-quarter earnings on Thursday. The integrated resort operator announced a 42.2% drop in net profit to S$54.7 million for the quarter ended September 30, down from S$94.6 million in the year-ago period. The stock price fell 5.2% to S$0.58 in early trading, only to dip further to S$0.575 by 9.30 am, marking its lowest level in a year. The decline was primarily due to softer premium gaming activity, similar to a nationwide trend in key regional markets. Weak performance in September, including an unfavorable rolling win rate, also impacted revenue, while adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) fell by 27.4% to S$161.8 million. Revenue for the quarter decreased by 12.9% year-on-year to S$566.1 million. Gaming revenue at Resorts World Sentosa, Genting's Singapore integrated resort, dropped by 21.7% to S$315 million from S$402.3 million a year prior. Non-gaming revenue, however, grew slightly by 1.5% to S$250.9 million, described by the company as resilient despite reduced hotel room inventory. Genting Singapore is in the midst of a major renewal phase, which includes upgrading and repositioning its hotel portfolio, enhancing gaming areas, lounges, dining, and guest spaces. These efforts, expected to constrain operating capacity through 2027, aim to drive future growth. The company is currently focusing on capturing year-end travel and festive demand in the final quarter of 2026 while advancing resort-wide renewal and strengthening its premium customer strategy.",
  "summary": "Softer premium gaming activity weighs on the integrated resort operator’s third-quarter earnings",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "Genting Singapore reports lower profits as high rollers play less, resort revamp continues",
        "url": "https://urgent.news/2026/11/13/genting-singapore-reports-lower-profits-as-high-rollers-play-less",
        "published": "2026-11-13T01:51:37.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}