Genting Singapore issues profit warning, implements salary cuts due to Covid-19

Visitors at a theme park restaurant at the Universal Studios, Resorts World Sentosa

KUALA LUMPUR: Genting Singapore Ltd has issued a profit warning due to the significant drop in visitor attendance at Resorts World Sentosa.

As part of the group's cost control measures, Genting Singapore said the fees and salaries of its directors will be reduced by 15% and 18% respectively. The group's managerial staff will take a pay cut of between 9% and 18%.