Genting Bhd posts RM130.75 million net loss for third quarter

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PETALING JAYA: Genting Bhd saw a net loss of RM130.75 million for the third quarter ended Sept 30, against a net profit of RM305.68 million previously...

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Resorts World Genting saw lower revenue mainly due to weaker business volume from the general market and non-gaming segments. – REUTERSPIXGenting Bhd saw a net loss of RM130.75 million for the third quarter ended Sept 30, against a net profit of RM305.68 million previously mainly due to the lower adjusted earnings before tax in the three months under review.

Resorts World Genting saw lower revenue mainly due to lower business volume from the general market and non-gaming segments as the resort continues to operate with reduced capacity. As for the leisure and hospitality business in the United States and the Bahamas, an adjusted Lbitda was recorded due to lower revenue which was partially mitigated by lower payroll costs and operating expenses of Resorts World Casino New York City.

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