Genting Singapore suffers 90% profit loss in 2020

Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No Profits continued to plunge despite the reopening of Resorts World Sentosa in H2 2020. Genting Singapore has suffered a 90% profit loss, with only a net profit of $69.2m for FY ended 31 December compared with $688.6m a year before. Revenue for FY ended 31 December 2020 fell by 57% from $2.48b to $1.063b compared with 2019. The gaming segment earned $700m, a 57% drop from $1.61b in 2019 whilst the non-gaming segment fell from $857m to $299m. read more