GGR to grow in Singapore

Fitch Ratings estimated that gaming gross revenue is likely to grow in Singapore in 2018.

Singapore.- A report team by Fifth Ratings revealed that gross gaming revenue (GGR) is expected to increase in 2018 in Singapore, as it will also keep an upward trend reported during the first half of this year.

The report team led by senior director Alex Bumazhny said: “Singapore GGR grew by around 10 percent year-on-year in first half 2017, after falling by around 30 percent over 2015 to 2016. “We expect GGR to continue to grow in 2018, driven by sustained growth in visitor arrivals (first eight months of 2017 up 4 percent; 2016 up 8 percent.”

Moreover, Fitch analysts said that they don’t believe competitive pressures in the Singapore market will increase in the near term as new licenses are unlikely. “Fitch believes Chinese tourism expenditure is a key driver of gaming performance in Southeast Asia. Chinese visitors were the largest segment by nationality in Singapore in the first eight months of 2017, at 19 percent of total arrivals,” added Fitch.