SINGAPORE, Feb. 21 -- Genting Singapore is exploring diversification opportunities in Thailand, possibly including casinos, following the Thai Cabinet's recent approval in principle of a draft law aimed at legalising the country's underground gambling industry and permit the development of casino-entertainment complexes to boost tax revenue.
The resort and casino operator, which runs Resorts World Sentosa (RWS), said this in its quarterly results announcement on February 20, as it reported a 5 per cent drop in full-year net profit to S$578.9 million (RM1.9 billion) for the financial year ended December 31, 2024, according to a report in The Straits Times yesterday.
This comes despite high-profile events at RWS in 2024, including the Asia ...