Singapore’s two IRs can reopen at 25 per cent capacity as of tomorrow.
Singapore.- Singapore’s two integrated resorts have been approved to reopen tomorrow (July 1).
Marina Bay Sands and Resorts World Sentosa submitted reopening proposals to the MTI and Singapore Tourism Board and Ministry of Trade and Industry and gained approval to reopen at 25 per cent capacity, with access limited to existing casino members and annual levy holders.
As part of a gradual reopening, the tourism board has cleared 13 tourist attractions to resume operations as of July 1, including the ArtScience Museum and Universal Studios Singapore as well as the two IRs.
In spite of this good news, consultancy firm Bernstein Research issued a note on Monday saying it doesn’t foresee a fast recovery for the gaming industry in Singapore.
According to the report published by AGBrief, gaming revenue in the country is unlikely to return to 2019 levels until 2023, with this year likely to see a 59 per cent drop in relation to 2019.
A recent report from Moody’s predicted much the same owing to the industry’s heavy dependence on foreign tourism.