"The ongoing conflict in the Middle East and current geopolitical developments have increased cost pressures across supply chains, including higher energy, freight and logistics expenses, while elevated airfares are weighing on travel demand and dampening consumer sentiments," says Genting Singapore.
The company says it remains focused on "asset optimisation" that includes a refreshed line up lifestyle and dining offerings so as to drive repeat visitors, and will continue to invest.
Genting Singapore shares closed at 69 cents on May 12, up 1.47%.
