TLDR Genting Singapore reported a 55% drop in Q1 2026 profit to SGD65.2 million compared to the same quarter last year Overall revenue slipped 3% to SGD607.6 million, with gaming revenue down 7.8% while non-gaming revenue rose 8.3% Adjusted EBITDA fell 24.1% to SGD179.0 million for the quarter ending March 31 Geopolitical tensions and supply chain costs, including higher energy and shipping prices, added pressure on profitability The company is midway through a SGD6.80 billion upgrade plan for Resorts World Sentosa, including the launch of The Laurus hotel last October
Genting Singapore posted a sharp decline in first-quarter profit for 2026, with net earnings falling 55% year-on-year to SGD65.2 million (US$51.2 million). The results were released this week and reflect growing cost pressures across the business.
Total revenue for the quarter came in at SGD607.6 million, a 3% decline from the year-ago period. While the top line held above SGD600 million, rising expenses and weaker gaming income dragged down the bottom line.
The company operates Resorts World Sentosa, one of only two licensed casino properties in Singapore. It is a subsidiary of Malaysian conglomerate Genting Bhd.
Adjusted EBITDA for the quarter was SGD179.0 million. That figure represents a 24.1% drop compared to the same period in 2025.
Gaming Revenue Falls While Attractions Grow
Gaming revenue declined 7.8% year-on-year to roughly SGD403.4 million. The company said there was some improvement toward the end of the quarter, with gaming activity picking up in the final weeks.
Non-gaming revenue moved in the opposite direction, rising 8.3% to SGD204.1 million. The company credited higher visitor numbers at key attractions, including Universal Studios Singapore and the Singapore Oceanarium.
The split between gaming and non-gaming performance highlights a shift in how the resort is generating income. Non-gaming segments are growing, but they have