However, the group said it was “encouraged” by positive customer reception following the resumption of business at Resorts World Genting since 30 September. Malaysia’s operations are the usual main source of income for Genting. Resorts World Sentosa’s revenue and EBITDA declined due to a series of mandates to curb the rise of new community cases, including reducing group size for social gatherings and banning meals in food and beverage establishments.Īs a result, the bulk of leisure and hospitality revenue came from operations in the UK and Egypt at $95.9 million, and from businesses in the US at $85.9 million, while in contrast, revenue from Malaysia was just $4.1 million. These results were, however, slightly offset by revenue declines in Malaysia and Singapore attributable to Covid-19-related closures and restrictions. The New York location reached revenues that exceeded pre-pandemic levels.

Meanwhile, leisure and hospitality businesses in the US and Bahamas posted higher revenue in 2021 versus 2020 primarily due to the “strong operating performance” of Resorts World Casino New York City since the full lifting of restrictions in June, plus contributions from RWLV. The company’s UK leisure and hospitality businesses saw higher profits due to the reopening of Genting Malaysia Berhad, the group’s land-based casinos in the region since mid-May 2021, and the progressive relaxation of Covid-19 restrictions. In his report, Genting said that both its US and UK gaming operations improved, helping to boost revenue during the third quarter. However, adjusted EBITDA for the period was US$214.1 million, 17% lower compared to 2020. Genting Group revenue was $827.5 million, an increase of 6% compared to the corresponding quarter last year. Additional Retail, Restaurants and Theater at RWLV are scheduled to open in the fourth quarter. The property’s revenue came from the casino and a host of amenities, including the Zouk Nightclub, spa, shops and restaurants, all open during the quarter.

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