{"id":268,"date":"2024-06-27T22:59:08","date_gmt":"2024-06-27T19:59:08","guid":{"rendered":"https:\/\/nodepositfreespins.icu\/2024\/06\/27\/resorts-world-sentosa-reports-23-8-surge-in-earnings-for-first-half-of-2021\/"},"modified":"2024-06-27T22:59:08","modified_gmt":"2024-06-27T19:59:08","slug":"resorts-world-sentosa-reports-23-8-surge-in-earnings-for-first-half-of-2021","status":"publish","type":"post","link":"https:\/\/nodepositfreespins.icu\/2024\/06\/27\/resorts-world-sentosa-reports-23-8-surge-in-earnings-for-first-half-of-2021\/","title":{"rendered":"Resorts World Sentosa Reports 23.8% Surge in Earnings for First Half of 2021"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/WsOUcXVXMiQ\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Resorts World Sentosa publicized its financial outcomes for the initial six months of 2021, showcasing a 23.8% surge in earnings compared to the equivalent period the previous year.<\/p>\n<p>The gambling establishment&#8217;s overall revenue reached S$554.8 million (GBP 295.3 million\/EUR 348.3 million\/USD 408.6 million), an increase from S$448.2 million in the same timeframe last year.<\/p>\n<p>Gaming revenue contributed S$442.9 million to the total, a 61.4% rise. Hotel room revenue was S$45.3 million, experiencing a 10.1% decrease, while attractions and other non-gambling pursuits generated S$30.1 million and S$28.9 million, respectively, declining by 51.9% and 11.0%.<\/p>\n<p>Rental income accounted for an additional S$7.5 million of total revenue, a 27.0% drop, while hotel, support services, and other income were only S$78,000, compared to S$18.2 million in the same period last year.<\/p>\n<p>The six-month total cost of goods sold was S$346.9 million, a significant decrease from S$481.4 million in the initial half of 2020. This resulted in a gross profit of S$207.9 million for the operator, compared to a gross loss of S$33.2 million in the same period last year.<\/p>\n<p>Other operational income was S$3.1 million, a 64.7% decrease, and total interest income was S$7.9 million, down 75.3%.<\/p>\n<p>Administrative expenses were S$90.8 million, compared to S$86.9 million in 2020, and sales and distribution costs were S$6.4 million, compared to S$13 million in 2020.<\/p>\n<p>Other operational expenses were S$721,000, a 97.5% decrease from S$2.8 million in 2020. <\/p>\n<p>During the year 2020, 3M&#8217;s expenditures were&#8230;<\/p>\n<p>Following a 41.2% surge in affiliated company revenue to S$66.5 million and a 10.5% reduction in financing costs to S$18 million, the firm&#8217;s profit before taxes reached S$119.9 million, in contrast to a pre-tax loss of S$122 million in the initial six months of 2020.<\/p>\n<p>These expenditures led to an operating profit of S$121 million for the organization, compared to an operating deficit of S$120.5 million in the first half of 2020.<\/p>\n<p>After settling S$31.7 million in taxes, in contrast to a tax benefit of S$5.4 million in the preceding year, Genting recorded a net profit of S$88.2 million, compared to a net loss of S$116.7 million in 2020.<\/p>\n<p>Fluctuations in foreign exchange rates yielded the company a gain of S$1.7 million, compared to a loss of S$1.1 million in 2020, resulting in a total comprehensive income of S$90 million for the period, compared to a total comprehensive loss of S$117.8 million in 2020.<\/p>\n<p>Sign up for the iGaming News Newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Resorts World Sentosa publicized its financial outcomes for the initial six months of 2021, showcasing a 23.8% surge in earnings compared to the equivalent period the previous year. The gambling establishment&#8217;s overall revenue reached S$554.8 million (GBP 295.3 million\/EUR 348.3 million\/USD 408.6 million), an increase from S$448.2 million in the same timeframe last year. Gaming [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Resorts World Sentosa: 2021 Mid-Year Earnings Soar<\/title>\n<meta name=\"description\" content=\"Resorts World Sentosa reports a 23.8% jump in earnings for the first half of 2021, driven by strong gaming revenue growth.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nodepositfreespins.icu\/2024\/06\/27\/resorts-world-sentosa-reports-23-8-surge-in-earnings-for-first-half-of-2021\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Resorts World Sentosa Reports 23.8% Surge in Earnings for First Half of 2021\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Resorts World Sentosa reports a 23.8% jump in earnings for the first half of 2021, driven by strong gaming revenue growth.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nodepositfreespins.icu\/2024\/06\/27\/resorts-world-sentosa-reports-23-8-surge-in-earnings-for-first-half-of-2021\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Where Online Casino Excitement Meets Secure Licensed Gaming\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T19:59:08+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nodepositfreespins.icu\/2024\/06\/27\/resorts-world-sentosa-reports-23-8-surge-in-earnings-for-first-half-of-2021\/\",\"url\":\"https:\/\/nodepositfreespins.icu\/2024\/06\/27\/resorts-world-sentosa-reports-23-8-surge-in-earnings-for-first-half-of-2021\/\",\"name\":\"Resorts World Sentosa: 2021 Mid-Year Earnings Soar\",\"isPartOf\":{\"@id\":\"https:\/\/nodepositfreespins.icu\/#website\"},\"datePublished\":\"2024-06-27T19:59:08+00:00\",\"dateModified\":\"2024-06-27T19:59:08+00:00\",\"author\":{\"@id\":\"https:\/\/nodepositfreespins.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Resorts World Sentosa reports a 23.8% jump in earnings for the first half of 2021, driven by strong gaming revenue growth.\",\"breadcrumb\":{\"@id\":\"https:\/\/nodepositfreespins.icu\/2024\/06\/27\/resorts-world-sentosa-reports-23-8-surge-in-earnings-for-first-half-of-2021\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nodepositfreespins.icu\/2024\/06\/27\/resorts-world-sentosa-reports-23-8-surge-in-earnings-for-first-half-of-2021\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nodepositfreespins.icu\/2024\/06\/27\/resorts-world-sentosa-reports-23-8-surge-in-earnings-for-first-half-of-2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/nodepositfreespins.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Resorts World Sentosa Reports 23.8% Surge in Earnings for First Half of 2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nodepositfreespins.icu\/#website\",\"url\":\"https:\/\/nodepositfreespins.icu\/\",\"name\":\"Where Online Casino Excitement Meets Secure Licensed Gaming\",\"description\":\"Indulge in the best of licensed online gambling with the help of our regularly updated news, comprehensive reviews, and expert articles. 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