Genting Singapore 1H26 Revenue Falls 1 Percent on Gaming Segment Decline as RWS 2.0 Redevelopment Continues
TL;DR — Genting Singapore’s 1H26 revenue declined 1% to US$937 million with gaming revenue down 4% to US$628 million. Q2 Adjusted EBITDA rose 12% YoY to US$165 million despite an 8% first-half drop. The operator advances RWS 2.0 redevelopment toward 2030 while paying a SG$2.0 cents interim dividend.
SCCG Take — Q2 EBITDA rebound shows operational progress amid redevelopment costs. Sustained gaming softness signals ongoing reliance on non-gaming lift to support returns through 2030.
Genting Singapore reported a 1 percent year-on-year decline in group revenues to SG$1.20 billion (US$937 million) in the first half of 2026. Gaming revenue fell 4 percent while non-gaming revenue rose 6 percent. The results were released late Thursday.
Gaming revenue reached SG$804.4 million (US$628 million). This points to a flat second-quarter performance at roughly SG$401 million (US$313 million). Non-gaming revenue totaled SG$398.8 million (US$311 million) with a near 5 percent sequential drop.
Quarterly Performance Details
Adjusted EBITDA declined 8 percent to SG$389.8 million (US$304 million) for the six-month period. Second-quarter Adjusted EBITDA rose to SG$210.8 million (US$165 million), up 18 percent quarter-on-quarter and 12 percent year-on-year. Net profit stood at SG$156.1 million (US$122 million), hit by higher depreciation, lower interest income and RWS 2.0 costs.
According to reporting by Inside Asian Gaming, the board declared an interim dividend of SG$2.0 cents per ordinary share. This aligns with the stated policy of stable returns during redevelopment.
Path to 2030 Completion
The RWS 2.0 asset refresh will continue with facilities introduced progressively through 2030. The timeline matches the government’s Greater Sentosa Master Plan for improved connectivity and offerings.
“RWS has entered a new chapter,” said Lim Kok Thay, Genting Singapore’s Chairman and Acting CEO. “With a new committed and energized leadership team and a clear transformation roadmap, we are now building a bold, dynamic and innovative resort that delivers compelling entertainment and experiences to our guests and long-term value for our shareholders.”
Reporting: Inside Asian Gaming
Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.
Q2 EBITDA rebound proves operational grit, but gaming headwinds mean this bet rides on non-gaming assets through 2030.
Genting Singapore is executing a multi-year transformation playbook under pressure — gaming down, capital tied up, returns hinging on non-gaming and phased openings. We've guided operators through similar integrated resort pivots across Asia and know the margin stress and stakeholder expectations that come with long redevelopment cycles.
- 1H26 revenue down 1% to US$937M; gaming fell 4%, non-gaming rose 6%
- Q2 Adjusted EBITDA up 12% YoY to US$165M despite 8% first-half drop
- RWS 2.0 rollout through 2030; interim dividend SG$2.0 cents maintained
SCCG angle: We work with IR developers and gaming operators across Asia navigating phased redevelopments, non-gaming diversification, and stakeholder communications during capital-intensive transitions. Our network includes partners in hospitality, entertainment, and gaming tech who understand how to maintain yield and guest experience while construction runs.
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