Foreign visitor arrivals into Singapore continued to improve. However, limited air capacity from certain regional countries and elevated airfares affected leisure travel. The Group registered a revenue of $1.1 billion for the first half of 2023, a 63% improvement year-on-year from $663.1 million during the same period last year. Adjusted earnings before interest, tax, depreciation, and amortisation (“Adjusted EBITDA”) jumped 68% year-on-year to $452.5 million. At the property level, Resorts World Sentosa (“RWS”) delivered an Adjusted EBITDA of $268.4 million for the second quarter of 2023, a 37% improvement from the previous quarter. The better performance was a result of the rebound in non-gaming business, a higher-than-theoretical VIP win rate and recovery in regional gaming business. On a hold-normalised basis, gross gaming revenue (GGR) improved 3% quarter-on-quarter to $547.9 million, reaching near the levels of 2019. Non-gaming revenue improved 31% quarter-on-quarter to $188.7 million due to improved attractions’ attendance and spend per customer driven by intensified marketing and promotional efforts.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
williamh
848 posts
Posted by williamh > 2023-08-08 20:26 | Report Abuse
Target to unload half when it touch 5,it may cross 5 in short while