Lower premium win hits Resorts World Sentosa revenues

Gaming revenues for Resorts World Sentosa slipped 2.4 percent to S$548.6 million in the second quarter from the April-June period last year due to a “lower win percentage in the premium players’ business despite significant increase in its rolling volume,” owner Genting Singapore PLC reported. Company revenues and profits from the resort were flat. “We have embarked on a focused strategy to drive more foreign visitor arrivals to the casino to deliver volume mass market play,” the company said. “This entails a concerted effort to change the structure of agency itineraries and distribution network tactics,” with an emphasis on premium mass market players and offerings tailored to specific geographic markets. Genting last month broke ground in western Singapore’s Jurong Lake district on a 550-room hotel which is set to open in the first half of 2015.