PETALING JAYA: In a clear signal that even the resilient gaming industry is facing a slowdown, Genting Singapore Plc saw its net profit for the third quarter drop by a hefty 43%.
The fastest growing unit within the Genting group attributed its drop in earnings to the absence the “high-rollers” that saw its net profit for the three months ended Sept 30 shrink to RM328.2mil (S$127.1mil) on the back of RM1.7bil (S$644.8mil) in revenue. The revenue for the quarter reflected a 17% drop from a year ago.
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