Battlestar Galactica to boost Genting Singapore profits?

The reopening of the Battlestar Galactica rollercoaster at the Universal Studios Singapore theme park is expected to boost the profits of owners Genting Singapore.

Genting may post profit of SG$624 million ($489 million) in the first year of operation of its Resorts World Sentosa, and is relying on the reopened rollercoaster to boost earnings in 2011. The world's third-biggest casino company by market value is set to almost double net income in this year, according to the average estimates of 21 analysts surveyed by Bloomberg.

Singapore's two casinos are benefiting from the attractions at Resorts World Sentosa's theme park.

Bloomberg quoted Hong Kong-based analyst Aaron Fischer as stating "the casinos are a major draw card, but Universal Studios is also providing Resorts World and Las Vegas Sands' Marina Bay with new customers, which provide a more predictable revenue base and generate higher margins."

Tickets to the park were sold out on online this week as Universal Studios staged an official reopening of the attraction based on the Battlestar Galactica television series after shutting it down for almost a year to fix a "ride component failure."

The reopening of the Battlestar Galactica ride "will allow for a 20 to 25 percent increase in ticket sales," said Fischer, who forecast earnings before interest, taxes, depreciation and amortization of SG$2 billion this year for Genting Singapore.

Resorts World also plans to open a marine museum, a water park and two hotels starting from the middle of the year. Another ride based on the Transformers movies may open by the end of the year, according to the company.

3rd February 2011 - SENTOSA’S BATTLESTAR GALACTICA ROLLER COASTER TO REOPEN

19th July 2010 - ASIAN ATTRACTIONS EXPO MOVES TO SINGAPORE IN 2011 

16th July 2010 - TAJ MAHAL NAMED IAAPA’S MOST POPULAR ASIAN ATTRACTION 

24th May 2010 - US GAMING COMPANY BETS LARGE ON SINGAPORE AND ASIA

29th April 2010 - GLOBAL STUDY SHOWS RESILIENCE IN THE THEME PARK INDUSTRY

19th February 2010 - RESORT HOTELS AND CASINO OPENS DOORS AT SENTOSA

22nd November 2010 - RESORTS WORLD SENTOSA PERFORMANCE BOOST 

16th April 2010 - SENTOSA RIDE TO BE DISMANTLED

30th March 2010 - ROLLER-COASTER SHUT DOWN AT UNIVERSAL STUDIOS SINGAPORE 

10th June 2009 - RESORTS WORLD AT SENTOSA ON TRACK FOR 2010 OPENING