Genting Singapore Soars Most in Three Years on Earnings Beat
A Genting Singapore casino.
Photographer: Sanjit Das/Bloomberg
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Genting Singapore Ltd. jumped the most in more than three years after the casino operator posted better-than-expected third-quarter earnings, underscoring a recovery in tourism in Singapore.
The shares climbed as much as 12%, their biggest gain since March 2020, and putting them among the best performers on the MSCI Asia Pacific Index. The advance helped narrow the stock’s year-to-date loss to just 2.6%.