Genting's Singapore casino Q4 profits lags Marina Bay Sands
This was slightly below the US$305.8 million (USS$391.3 million) reported by Las Vegas Sands for its Singapore casino.
The Marina Bay Sands' revenue for the three months, however, was lower at US$560.4 million or around USS$717.1 million.
"The improvement in revenue is substantially contributed by the increase in the volume of premium players' business," Genting said in a statement. It added its EBITDA could have been higher but for the"lower luck factor" in its VIP business compared with the third quarter.
Genting did not provide unadjusted EBITDA for its Singapore casino but at the group level, unadjusted EBITDA was USS$313.6 million, down from USS$347.8 million in the third quarter and below the USS$366.5 million average estimate of five analysts polled by Reuters.
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