See: Genting's big bet on Vegas
The company, which operates Resorts World Sentosa, saw a 9% y-o-y drop in gaming revenue to $194.7 million.
In recent weeks, the tourism and hospitality industry is cheered by the implementation of more so-called “vaccinated travel lanes”.
Genting Singapore calls this development a “significant milestone”.
See also: Jardine Matheson posts loss of US$468 mil, but underlying net profit stood at US$1.47 bil
However, it expects only a “minimal” increase in overseas visitors footfalls. It points out that its traditional large sources of visitors are not yet in the list of countries that can enjoy VTL.
“At the same time, there may be an impact on the IR’s visitorship from an outflow of the local population to these countries due to the pent-up demand for international travel,” it cautions.
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Genting Singapore closed Nov 9 at 82 cents, up 0.62% for the day and down 5.23% year to date.
