RWS Genting Announces RECORD PROFITS. Crime Wave And SUICIDES To Rise?

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</td> </tr> <tr> <td class="content_subtitle" align="left"> Fri, Aug 13, 2010
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</td> </tr> <!-- Story With Image End --> <tr><td colspan="3" class="bodytext_10pt"> <!-- CONTENT : start --> SINGAPORE - Genting Singapore on Thursday posted a profit for the second quarter, boosted by contributions from its new Singapore casino which opened in mid-February this year.

The company, controlled by Malaysia's Genting Berhad, generated revenue <innity></innity>of $979 million, up from just $120 million last year.<object width="100%" height="1">


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<iframe style="width: 459px; height: 156px; margin: 0px; padding: 0px; display: none;" name="advfr" id="advfr" frameborder="0" scrolling="no"></iframe></p> Genting, which also has casinos in Britain, made a net profit of $396.5 million in the three months ended March, turning around from a loss of $50.7 million a year ago.

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<embed src="http://s0.2mdn.net/2392433/a1branding_2010july07_300x250_b1.swf" flashvars="clickTAG=http%3A%2F%2Fad.doubleclick.net%2Fclick%253Bh%253Dv8%2F39f5%2F3%2F0%2F%252a%2Fw%253B226669941%253B0-0%253B1%253B39581901%253B4307-300%2F250%253B37490323%2F37508200%2F1%253B%253B%257Esscs%253D%253fhttp%3A%2F%2Fwww.asiaone.com" quality="high" wmode="opaque" swliveconnect="TRUE" bgcolor="#" type="application/x-shockwave-flash" allowscriptaccess="never" width="300" height="250"></object> <noscript></noscript><script type="text/javascript" src="http://ad.doubleclick.net/adj/AsiaOneBusiness/;pos=50;adtype=1;adtype=2;adtype=3;adtype=4;adtype=5;sz=10x10;ord=6454773324906854?"></script><!-- Zone Tag : SPH In-Text --> <script type="text/javascript" src="http://cdn.innity.com/network.js"></script><script type="text/javascript" src="http://as.innity.com/synd/69cb3ea317a32c4e6143e665fdb20b14/4564/js/**/**/NEWS/1281664273899"></script><script type="text/javascript">innity_country = "SG";innity_path = "/201007_2685/10910/";innity_proxy = "proxy_19931";innity_ord = "ord=[timestamp]";</script><script type="text/javascript" src="http://cdn.innity.com/global.js"></script><script type="text/javascript" src="http://cdn.media.innity.net/lib/innity.js"></script><script type="text/javascript" src="http://cdn.media.innity.net/201007_2685/10910/proxy_19931.js?ord=[timestamp]"></script><script type="text/javascript" src="http://cdn.media.innity.net/201007_2685/10910/innity_lib_textpush.js?ord=[timestamp]"></script><style>.adv_class {border-bottom:1px dashed #0066CC; cursor:pointer;}</style><style>.adv_class_off {border-bottom:0px; cursor:auto; background:transparent; margin:0px 0px 0px 0px; padding:0px 0px 0px 0px;}</style> </td></tr></tbody></table>Resorts World at Sentosa alone recorded revenue of $860.8 million and earnings before interest, tax, depreciation and amortisation (EBITDA) of $503.5 million for the second quarter.</p> The Universal Studio Singapore theme park, which is part of Resorts World, increased its daily maximum capacity to about 8,000 with an average visitor spend of S$84, said Genting, a unit of Malaysia's Genting Bhd, in a filing to the Singapore Exchange.
Occupancy at Resorts World's hotels was 70 per cent for the period with an average room rate of $263 a night, <leo_highlight style="border-bottom: 2px solid rgb(255, 255, 150); background-color: transparent; background-image: none; background-repeat: repeat; background-attachment: scroll; background-position: 0% 50%; -moz-background-size: auto auto; cursor: pointer; display: inline; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;" id="leoHighlights_Underline_0" onclick="leoHighlightsHandleClick('leoHighlights_Underline_0')" onmouseover="leoHighlightsHandleMouseOver('leoHighlights_Underline_0')" onmouseout="leoHighlightsHandleMouseOut('leoHighlights_Underline_0')" leohighlights_keywords="the%20firm" leohighlights_url_top="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_2/tbh_highlightsTop.jsp?keywords%3Dthe%2520firm%26domain%3Dbusiness.asiaone.com" leohighlights_url_bottom="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_2/tbh_highlightsBottom.jsp?keywords%3Dthe%2520firm%26domain%3Dbusiness.asiaone.com" leohighlights_underline="true">the firm</leo_highlight> added.
Singapore legalised casinos in 2005 and allowed the building of two multi-billion-dollar casino-resorts as part of a plan to double visitor arrivals to 17 million by 2015.
The city-state's second casino, Las Vegas Sands' Marina Bay Sands, opened in April this year.
Visitor arrivals in Singapore have hit successive monthly record highs since the start of the year, breaching the 1 million a month mark for the first time in history in July.
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