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Old 12th November 2010, 07:45 AM   #1 (permalink)
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Resorts World Sentosa draws $732m

Resorts World Sentosa draws $732m
By Francis Chan



Resorts World Sentosa (RWS) generated $732 million in revenue and pre-tax profits of $346.5 million for the third quarter of this year. -- PHOTO: NP

GENTING Singapore continues to lead the field in what is shaping up to a two-horse race in Singapore's booming gaming market.

The Asian gaming giant announced on Thursday that Resorts World Sentosa (RWS) generated $732 million in revenue and pre-tax profits of $346.5 million for the third quarter of this year.

On Thursday, it also announced a slew of plans to make the Universal Studios Singapore a top attraction, as it seeks to boost capacity from 8,000 to 18,000.

Although falling short of its performance last quarter, when the integrated resort's (IR) cash tills rang up $860.8 million in revenue to produce pre-tax profits of $503.5 million, RWS still managed to edge ahead of arch rival Marina Bay Sands (MBS).

Last month, MBS owner Las Vegas Sands said the IR pulled in revenues of $631 million, making a pre-tax profit of $315 million for the period ended Sept 30 - its first full quarter of operations since opening in April.

But, MBS enjoyed a higher profit margin of 49.7 per cent, compared to RWS' 47 per cent over the same period, even though RWS had a headstart after opening in phases from January.

Source: http://www.straitstimes.com/Breaking...ry_602162.html

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Old 15th December 2010, 09:45 AM   #2 (permalink)
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Re: Resorts World Sentosa draws $732m

hmm... expected

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