Genting Berhad, the conglomerate based in Malaysia, generated a total of RM6.1bn ($1.3bn/€1.2bn/£1.0bn) in revenue from its division dedicated to leisure and hospitality during the three-month period ending on September 30, 2023. This marked a substantial 27% increase compared to the same period in 2022.
Notably, the company experienced double-digit growth across all of its geographical zones, including its two largest properties located in Malaysia and Singapore. In Singapore, Resorts World Sentosa (RWS) witnessed a remarkable year-on-year growth of 42%, accumulating RM2.4bn in revenue during this period.
The resort benefitted greatly from the ongoing recovery of the travel and tourism industry. Similarly, in Malaysia, Resorts World Genting (RWG) saw a significant 20% increase in revenue, reaching RM1.7bn. This growth was predominantly attributed to a higher volume of business in both the gaming and non-gaming segments of RWG.
Furthermore, revenue from the US & Bahamas zone rose by 16% to RM1.5bn, with outstanding performances exhibited by the Resorts World properties in New York City, Las Vegas, and Bimini. Notably, Resorts World Las Vegas achieved record-breaking revenue and EBITDA in the third quarter of 2023.
Notably, the company experienced double-digit growth across all of its geographical zones, including its two largest properties located in Malaysia and Singapore. In Singapore, Resorts World Sentosa (RWS) witnessed a remarkable year-on-year growth of 42%, accumulating RM2.4bn in revenue during this period.
The resort benefitted greatly from the ongoing recovery of the travel and tourism industry. Similarly, in Malaysia, Resorts World Genting (RWG) saw a significant 20% increase in revenue, reaching RM1.7bn. This growth was predominantly attributed to a higher volume of business in both the gaming and non-gaming segments of RWG.
Furthermore, revenue from the US & Bahamas zone rose by 16% to RM1.5bn, with outstanding performances exhibited by the Resorts World properties in New York City, Las Vegas, and Bimini. Notably, Resorts World Las Vegas achieved record-breaking revenue and EBITDA in the third quarter of 2023.
