Resorts World Sentosa is run by Genting Singapore Ltd.
The government said visits by the infected occurred in two periods: between 4pm on May 19 to 0.20am on May 20; and 8.10am to 12.55pm on May 20. It did not say how many people were involved, or if they were the same people on two different occasions.
But the official notice advised the public: “There is no need to avoid places where confirmed cases of Covid-19 have been.”
The document added: “The National Environment Agency will engage the management of affected premises to provide guidance on cleaning and disinfection.”
Resorts World Sentosa said in a notice on its website: “From 16 May to 13 June 2021, most of your favourite attractions and hotels will be operating at revised capacities.”
KUALA LUMPUR (May 27): Analysts have lowered the earnings forecasts of Genting Bhd and Genting Malaysia Bhd (GENM) after their results came in below expectations.
Hong Leong Investment Bank Research’s analyst Low Jin Wu said in a note today Genting recorded a first quarter 2021 (1Q21) core loss after tax and minority interest (LATMI) of RM318 million, which was below his expectation largely due to weaker-than-expected results from GENM and Genting Singapore Ltd (GENS).
He said the group’s Malaysian and Singaporean operations will remain challenging in the near term as Covid-19 cases have been escalating at an alarming pace in Southeast Asia of late.
GGRAsia – Nomura lowers GEN Singapore estimates on Covid setbacks ggrasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ggrasia.com Daily Mail and Mail on Sunday newspapers.
Business for Genting Singapore Ltd, the promoter of the Resorts World Sentosa casino complex (pictured in a file photo) in Singapore, is likely to be “one of the better tourism recovery stories due to its balance sheet strength and good control of Covid-19 in Singapore,” said a Sunday note from banking group Nomura, following the casino firm’s first-quarter earnings.
The firm had reported a net profit of SGD34.5 million (US$25.9 million) for the first quarter of 2021, down 73.7 percent from the previous quarter, according to a filing with the Singapore Exchange on Friday.
Nomura said it had anticipated there would be “not much further upside from domestic tourists” for Genting Singapore’s business, given the continued absence of meaningful numbers of foreign tourists, but that the extent of the decline in quarterly earnings had been “larger than we expected”.
Casino operator Genting Singapore Ltd reported a net profit of SGD34.5 million (US$25.9 million) for the first quarter of 2021, down 73.7 percent from the previous quarter. The result was down 25.9 percent in year-on-year terms, said the company in a filing to the Singapore Exchange via some highlights of first-quarter performance.
Genting Singapore is the operator of Resorts World Sentosa (pictured in a file photo), one of Singapore’s two casino resorts. The firm is a subsidiary of Malaysian conglomerate Genting Bhd.
The company reported revenue of SGD277.9 million for the period, down 11.6 percent from the fourth quarter of 2020. It was a decline of 31.7 percent from a year earlier.