{"id":270,"date":"2024-06-27T23:01:04","date_gmt":"2024-06-27T20:01:04","guid":{"rendered":"https:\/\/cryptoleopromocode.icu\/2024\/06\/27\/genting-singapore-reports-increased-earnings-and-net-profit-in-first-quarter-2022\/"},"modified":"2024-06-27T23:01:04","modified_gmt":"2024-06-27T20:01:04","slug":"genting-singapore-reports-increased-earnings-and-net-profit-in-first-quarter-2022","status":"publish","type":"post","link":"https:\/\/cryptoleopromocode.icu\/2024\/06\/27\/genting-singapore-reports-increased-earnings-and-net-profit-in-first-quarter-2022\/","title":{"rendered":"Genting Singapore Reports Increased Earnings and Net Profit in First Quarter 2022"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/069gBItJhcU\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Genting Singapore revealed its first quarter 2022 financial outcomes, with both earnings and net profit increasing year-over-year after Singapore relaxed some of its COVID-19 restrictions.<\/p>\n<p>Genting Singapore&#8217;s initial quarter earnings and net profit climbed.<\/p>\n<p>For the initial three months ending March 31, 2022, total earnings were S$314.5 million (\u00a3184.7 million\/\u20ac216.7 million\/$225.6 million), up 20.5% from S$261 million in the same period the previous year.<\/p>\n<p>The Singapore integrated resort&#8217;s gambling earnings rose 8.1% to S$234.5 million, while non-gambling earnings at the location increased 25.7% to S$76.3 million.<\/p>\n<p>Furthermore, the operator&#8217;s other earnings from investment operations, hotels and support services expanded 931.8% year-over-year to S$3.8 million.<\/p>\n<p>Genting Singapore did not disclose its complete financial figures for the period, but it did note that adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) dropped 2.5% to S$124.8 million, primarily due to increased utility costs and the expiration of COVID-19 government assistance measures.<\/p>\n<p>The Singapore integrated resort&#8217;s EBITDA declined 3.3% to S$130.6 million, while investment operations, other hotels and support services lost S$5.7 million in the quarter, although this was less than the S$7 million loss a year earlier. <\/p>\n<p>Financial investments, stock option bonuses, and other expenditures led to a net currency exchange deficit of $2 million, resulting in an EBITDA of $121.7 million, representing a 3.1% year-over-year rise.  Meanwhile, net earnings after taxes climbed 17.1% to $40.4 million.<\/p>\n<p>&#8220;We are cautiously hopeful about the recovery path as Singapore reopened its international borders to fully vaccinated travelers from around the globe on April 1, 2022, and further eased COVID-19 related limitations,&#8221; stated Ong Kim Huat, Company Secretary.<\/p>\n<p>&#8220;Although we are encouraged by the gradual rise in visitor numbers at Resorts World Sentosa integrated resort, we anticipate the recovery of leisure travel to be restricted by limited flight schedules, high airfares, and travel limitations for visitors from specific nations.&#8221;<\/p>\n<p>&#8220;We will continue to take advantage of opportunities to refresh and develop new visitor offerings to emerge strongly from the pandemic and capture any increase in demand.&#8221;<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Genting Singapore revealed its first quarter 2022 financial outcomes, with both earnings and net profit increasing year-over-year after Singapore relaxed some of its COVID-19 restrictions. Genting Singapore&#8217;s initial quarter earnings and net profit climbed. For the initial three months ending March 31, 2022, total earnings were S$314.5 million (\u00a3184.7 million\/\u20ac216.7 million\/$225.6 million), up 20.5% from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Genting Singapore Q1 2022: Earnings Soar<\/title>\n<meta name=\"description\" content=\"Genting Singapore\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoleopromocode.icu\/2024\/06\/27\/genting-singapore-reports-increased-earnings-and-net-profit-in-first-quarter-2022\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Genting Singapore Reports Increased Earnings and Net Profit in First Quarter 2022\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Genting Singapore\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoleopromocode.icu\/2024\/06\/27\/genting-singapore-reports-increased-earnings-and-net-profit-in-first-quarter-2022\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Your One-Stop Shop for Licensed Online Casino Games &amp; Updates\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T20:01:04+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoleopromocode.icu\/2024\/06\/27\/genting-singapore-reports-increased-earnings-and-net-profit-in-first-quarter-2022\/\",\"url\":\"https:\/\/cryptoleopromocode.icu\/2024\/06\/27\/genting-singapore-reports-increased-earnings-and-net-profit-in-first-quarter-2022\/\",\"name\":\"Genting Singapore Q1 2022: Earnings Soar\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoleopromocode.icu\/#website\"},\"datePublished\":\"2024-06-27T20:01:04+00:00\",\"dateModified\":\"2024-06-27T20:01:04+00:00\",\"author\":{\"@id\":\"https:\/\/cryptoleopromocode.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Genting Singapore\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoleopromocode.icu\/2024\/06\/27\/genting-singapore-reports-increased-earnings-and-net-profit-in-first-quarter-2022\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoleopromocode.icu\/2024\/06\/27\/genting-singapore-reports-increased-earnings-and-net-profit-in-first-quarter-2022\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoleopromocode.icu\/2024\/06\/27\/genting-singapore-reports-increased-earnings-and-net-profit-in-first-quarter-2022\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/cryptoleopromocode.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Genting Singapore Reports Increased Earnings and Net Profit in First Quarter 2022\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoleopromocode.icu\/#website\",\"url\":\"https:\/\/cryptoleopromocode.icu\/\",\"name\":\"Your One-Stop Shop for Licensed Online Casino Games &amp; Updates\",\"description\":\"Unlock the secrets of casino success through our comprehensive news, detailed game reviews, and expert articles. Our licensed online casino is your ultimate gaming destination.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptoleopromocode.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoleopromocode.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/cryptoleopromocode.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"contentUrl\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"caption\":\"admin\"},\"description\":\"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.\",\"sameAs\":[\"http:\/\/theworldcasino.vip\"],\"url\":\"https:\/\/cryptoleopromocode.icu\/author\/ezvhu8xt\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Genting Singapore Q1 2022: Earnings Soar","description":"Genting Singapore","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptoleopromocode.icu\/2024\/06\/27\/genting-singapore-reports-increased-earnings-and-net-profit-in-first-quarter-2022\/","og_locale":"en_GB","og_type":"article","og_title":"Genting Singapore Reports Increased Earnings and Net Profit in First Quarter 2022","og_description":"Genting Singapore","og_url":"https:\/\/cryptoleopromocode.icu\/2024\/06\/27\/genting-singapore-reports-increased-earnings-and-net-profit-in-first-quarter-2022\/","og_site_name":"Your One-Stop Shop for Licensed Online Casino Games &amp; Updates","article_published_time":"2024-06-27T20:01:04+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptoleopromocode.icu\/2024\/06\/27\/genting-singapore-reports-increased-earnings-and-net-profit-in-first-quarter-2022\/","url":"https:\/\/cryptoleopromocode.icu\/2024\/06\/27\/genting-singapore-reports-increased-earnings-and-net-profit-in-first-quarter-2022\/","name":"Genting Singapore Q1 2022: Earnings Soar","isPartOf":{"@id":"https:\/\/cryptoleopromocode.icu\/#website"},"datePublished":"2024-06-27T20:01:04+00:00","dateModified":"2024-06-27T20:01:04+00:00","author":{"@id":"https:\/\/cryptoleopromocode.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0"},"description":"Genting Singapore","breadcrumb":{"@id":"https:\/\/cryptoleopromocode.icu\/2024\/06\/27\/genting-singapore-reports-increased-earnings-and-net-profit-in-first-quarter-2022\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoleopromocode.icu\/2024\/06\/27\/genting-singapore-reports-increased-earnings-and-net-profit-in-first-quarter-2022\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoleopromocode.icu\/2024\/06\/27\/genting-singapore-reports-increased-earnings-and-net-profit-in-first-quarter-2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/cryptoleopromocode.icu\/"},{"@type":"ListItem","position":2,"name":"Genting Singapore Reports Increased Earnings and Net Profit in First Quarter 2022"}]},{"@type":"WebSite","@id":"https:\/\/cryptoleopromocode.icu\/#website","url":"https:\/\/cryptoleopromocode.icu\/","name":"Your One-Stop Shop for Licensed Online Casino Games &amp; Updates","description":"Unlock the secrets of casino success through our comprehensive news, detailed game reviews, and expert articles. Our licensed online casino is your ultimate gaming destination.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptoleopromocode.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/cryptoleopromocode.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/cryptoleopromocode.icu\/#\/schema\/person\/image\/","url":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","contentUrl":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","caption":"admin"},"description":"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.","sameAs":["http:\/\/theworldcasino.vip"],"url":"https:\/\/cryptoleopromocode.icu\/author\/ezvhu8xt\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoleopromocode.icu\/wp-json\/wp\/v2\/posts\/270"}],"collection":[{"href":"https:\/\/cryptoleopromocode.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoleopromocode.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoleopromocode.icu\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoleopromocode.icu\/wp-json\/wp\/v2\/comments?post=270"}],"version-history":[{"count":0,"href":"https:\/\/cryptoleopromocode.icu\/wp-json\/wp\/v2\/posts\/270\/revisions"}],"wp:attachment":[{"href":"https:\/\/cryptoleopromocode.icu\/wp-json\/wp\/v2\/media?parent=270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoleopromocode.icu\/wp-json\/wp\/v2\/categories?post=270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoleopromocode.icu\/wp-json\/wp\/v2\/tags?post=270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}