Genting Q3 profit up 8.3%

The operating profit of Genting Singapore, which owns one of casino resort Resorts World Sentosa, rose by 8.3 percent year on year. Local daily Straits Times said on Friday that the results were still not as good as that of Singapore's other casino resorts Marina Bay Sands. Both casino resorts were inaugurated last year to put Singapore on its way to being the world's second largest gaming market. The operating profits in the third quarter rose to 375.3 million Singapore dollars (290.9 million U.S. dollars), partly due to a "favourable win percentage" in its premium player business during the quarter. This means that high-rollers took home less winnings. The robust performance of Universal Studios Singapore, which is part of the facilities at Resorts World Sentosa, was also a support factor. Some 9,400 people visited the theme park everyday in the three months to September, and spent an average of 84 Singapore dollars each. The hotels at Resorts World Sentosa enjoyed an occupancy rate of 89 per cent during the quarter, with rooms being leased out at an average daily rate of 315 Singapore dollars. (1 U.S. dollar = 1. 29 Singapore dollars)