{"id":777011714,"date":"2023-12-07T09:55:55","date_gmt":"2023-12-07T12:55:55","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777011714"},"modified":"2026-04-22T14:55:23","modified_gmt":"2026-04-22T17:55:23","slug":"singapore-gaming-revenue-could-grow-by-10-in-2024-fitch-ratings-says","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/singapore-gaming-revenue-could-grow-by-10-in-2024-fitch-ratings-says","title":{"rendered":"Singapore gaming revenue could grow by 10% in 2024, Fitch Ratings says"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The rating agency believes the rebound will be driven by increasing foreign visitors.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Singapore.- Analysts at <strong>Fitch Ratings<\/strong> have predicted that Singapore\u2019s gaming revenue could grow by as much as 10 per cent in 2024. In the latest <strong>Global Gaming Outlook 2024<\/strong> report, The rating agency notes that it expects Singapore revenue to be driven by increasing foreign visitors in 2024. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In October 2023 arrivals were at around 25 per cent below 2019.\u00a0\u00a0Singapore is already performing \u201cabove expectations\u201d with gaming revenues 15 per cent higher than pre-Covid levels this year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>See also: <\/strong><a href=\"https:\/\/focusgn.com\/asia-pacific\/singapore-gdp-up-1-1-in-q3\" data-type=\"link\" data-id=\"https:\/\/focusgn.com\/asia-pacific\/singapore-gdp-up-1-1-in-q3\" target=\"_blank\" rel=\"noreferrer noopener\">Singapore GDP up 1.1% in Q3<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The report said: \u201cIn particular, arrivals from mainland China are still well below pre-pandemic levels, despite improvements since the reopening. <strong>Market leader Marina Bay Sands<\/strong> has opened around 1,200 renovated rooms in the first nine months of 2023 and Genting Singapore, has extended credit to customers over 2023.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Singapore\u2019s two-resort casinos are Resorts World Sentosa, run by Genting Singapore, and Marina Bay Sands, run by a unit of Las Vegas Sands Corp.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rating agency believes the rebound will be driven by increasing foreign visitors.<\/p>\n","protected":false},"author":226,"featured_media":0,"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 forecasts a 10% growth in Singapore's gaming revenue for 2024, primarily driven by an anticipated increase in foreign visitor arrivals, particularly from mainland China. This projection follows a strong 2023, where gaming revenues already surpassed pre-Covid levels by 15%, with key operators Marina Bay Sands and Genting Singapore making strategic investments and extending credit. The rebound is expected to be fueled by increasing foreign visitors.","focusai_entities":"Fitch Ratings, Marina Bay Sands, Genting Singapore, Las Vegas Sands Corp.","focusai_location":"Singapore, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"China Visitor Impact","query":"What specific policy changes or travel facilitation measures are anticipated to accelerate mainland China visitor arrivals to Singapore, and how might this impact the GGR composition across gaming verticals?"},{"label":"Operator Capital Deployment","query":"Given the projected revenue growth, what are the anticipated capital expenditure plans for Marina Bay Sands and Genting Singapore beyond room renovations, particularly concerning non-gaming amenities or new gaming verticals to sustain competitive advantage?"}],"footnotes":""},"categories":[157,158,16333],"tags":[169],"class_list":["post-777011714","post","type-post","status-publish","format-standard","hentry","category-business-news","category-slider-home","category-south-east-asia-news","tag-singapore"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011714","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777011714"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011714\/revisions"}],"predecessor-version":[{"id":777011723,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011714\/revisions\/777011723"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}