RWS makes profit growth but falls behind in local gaming stakes
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Resorts World Sentosa's operating profit for the three months to Dec 31 came in at $405.9 million, up 4 per cent from a year ago. -- ST PHOTO: MUGILAN RAJASEGERAN
Resorts World Sentosa (RWS) lifted operating profit and its parent Genting Singapore announced its first dividend but was unable to wrest back the title of the top dog in the local gaming industry.
The integrated resort's operating profit for the three months to Dec 31 came in at $405.9 million, up 4 per cent from a year ago.
The results were boosted by growth in the non-gaming business, including the hotels and Universal Studios Singapore, which attracted about 10,250 visitors daily over the three months with each spending an average of $86.
Non-gaming revenues for the fourth quarter increased 16 per cent to $137.7 million.
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