In Singapore and the operator behind the giant Resorts World Sentosa development has reportedly announced that it recorded a second-quarter net loss of some $119.2 million as overall gaming revenues crashed by 98.5% year-on-year to approximately $4.7 million.
According to reports from GGRAsia and Inside Asian Gaming, Genting Singapore Limited detailed that the 120-acre integrated casino resort had experienced its ‘worst quarterly performance’ since opening in January of 2010 with its adjusted earnings before interest, taxation, depreciation and amortization for the three months to the end of June having crashed by 144% year-on-year to a deficit of roughly $96 million.
Coronavirus concern:
A subsidiary of Asian entertainments giant Genting Malaysia Berhad, Genting Singapore Limited reportedly posted a second-quarter net profit of about $122.6 million last year although it also stated that operations at Resorts World Sentosa had more recently been devastated by the impact of ‘the global coronavirus pandemic’. GGRAsia detailed that the impressive seven-hotel property was completely shuttered from April 7 in an attempt to stop the spread of the potentially-lethal ailment and only began partially re-opening some twelve weeks later.
Relaxed recovery:
For the six months to the end of June and Inside Asian 
Gaming reported that Genting Singapore Limited chalked up a net loss of nearly $85 million, which was slightly over 130% down on the same first-half period in 2019, as revenues plummeted by 64.9% year-on-year to $326.4 million. This source moreover explained that Resorts World Sentosa recently laid off around 28% of its 7,000-strong workforce as a direct result of the coronavirus-related downturn and only initiated a partial revival of its gambling operations from the first day of July.
Coming cynicism:
Genting Singapore Limited reportedly furthermore proclaimed that the coronavirus pandemic had ‘caused major disruptions to the global travel and tourism industry’ and that continues to ‘remain pessimistic on its overall financial performance’ due to this ongoing disturbance.
Reportedly read a statement from Genting Singapore Limited…
“With tourism being the main driver of the group’s business, our operations and financial performance have been severely impacted. Despite the swift implementation of a series of cost containment measures including payroll rationalization as well as other productivity initiatives, the impact of suffering almost zero revenue during the temporary closure period in the second quarter 2020 was devastating.”
Play games casino online games refers to participating in casino-style games through an online platform. In essence, it combines the excitement of traditional casino games, like slots, blackjack, poker, and roulette, with the convenience of playing them online.
When you play games casino online, you can enjoy:
-
Variety of Games: Many online casinos offer a huge range of games, from popular slots to live dealer games, replicating the casino experience at home or on mobile.
-
Accessibility: Online casinos allow you to play anytime and anywhere, making it easy to enjoy your favorite games without traveling to a physical location.
-
Bonuses and Promotions: Online casinos often offer promotions, welcome bonuses, and rewards, enhancing your experience and providing extra funds to play with.
-
Real Money or Free Play: Most platforms offer options to play for real money or for fun, giving players the flexibility to test games before committing financially.
Online casino games bring the thrills and potential rewards of a real casino experience to your screen, with the added security, convenience, and bonuses that online platforms provide.
