Fitch Ratings has predicted that Singapore casino revenue could reach 75 per cent of pre-pandemic levels by 2022.<\/p>\n\n\n\n\n\n\n\n
Singapore.- A report released by Fitch Ratings has forecast that\u00a0Singapore\u2019s casino revenue may reach around 75 per cent of 2019 levels in 2022<\/strong>. This year it has recovered to about 50 per cent from pre-pandemic levels.<\/p>\n\n\n\n According to data released by the two Singapore operators, based on the current exchange rate, their total gaming revenue in 2019 was approximately US$3.35bn.\u00a0Resorts World Sentosa\u2019s gaming revenue<\/strong>\u00a0for the full year of 2019 was SG$1.62bn (US$1.19bn) while\u00a0Marina Bay Sands\u2019 revenue\u00a0<\/strong>was slightly less than US$2.17bn.<\/p>\n\n\n\n Fitch said the living with Covid-19 policy and relaxation of travel restrictions will be key factors in the recovery expectations in Singapore and Malaysia.<\/p>\n\n\n\n The government of Singapore<\/a>\u00a0has recently announced it will launch\u00a0a new travel bubble with Indonesia from November 29<\/strong>. Those who want to enter Singapore must be fully vaccinated against Covid-19 and will be not required to undergo quarantine. The announcement is similar to the one the government made a week ago when\u00a0a travel bubble with Malaysia<\/a>\u00a0was announced.<\/p>\n\n\n\n According to analysts,\u00a0the news was well received by the tourism market and the city-state\u2019s two casino resorts<\/strong>, Marina Bay Sands, and Resorts World Sentosa as\u00a0tourists from Indonesia are key consumers for Singapore\u2019s gaming industry<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" Fitch Ratings has predicted that Singapore casino revenue could reach 75 per cent of pre-pandemic levels by 2022.<\/p>\n","protected":false},"author":176,"featured_media":24844,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Fitch Ratings projects Singapore's casino revenue to reach 75% of pre-pandemic levels by 2022, up from 50% in 2021. This recovery is primarily attributed to the 'living with Covid-19' policy and the establishment of quarantine-free travel bubbles with key source markets like Indonesia and Malaysia, significantly benefiting integrated resorts such as Marina Bay Sands and Resorts World Sentosa.","focusai_entities":"Fitch Ratings, Resorts World Sentosa, Marina Bay Sands","focusai_location":"Singapore, Malaysia, Indonesia","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (1.0), marketing_crm (0.85), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Recovery Drivers?","query":"What specific policy adjustments beyond travel bubbles are critical for Singapore's casino GGR to exceed the 75% recovery forecast, and what are the associated regulatory implications?"},{"label":"Operator Competitive Strategy?","query":"How might the competitive landscape between Marina Bay Sands and Resorts World Sentosa evolve given the renewed focus on regional tourism from Indonesia and Malaysia, and what strategic investments are anticipated?"}],"footnotes":""},"categories":[157,16333],"tags":[23907],"class_list":["post-24821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=24821"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24821\/revisions"}],"predecessor-version":[{"id":24829,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24821\/revisions\/24829"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/24844"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}