Genting Singapore Q3 revenue tops expectations

Genting Singapore says third-quarter revenue rose 16 percent to $776.8 million, beating analysts’ estimates for $772 million, as gaming and non-gaming revenue both rose. 

The company said third-quarter adjusted earnings before interest, tax, depreciation and amortization were S$347.4 million (US$279.5 million), up 14.6 percent from S$303.2 million a year earlier. The shares jumped to a six-month high after the release of the results, however, the company warned that weakening Asian currencies against the Singapore dollar was making the island less competitive than other Asian destinations.