Genting Singapore betting big on Universal Studios, junket licenses
The two will prove to be solid moneymakers in the long run, and will receive extra attention from the resorts conglomerate.
Here's more OCBC:
Universal Studios Singapore (USS) saw daily visitor numbers of 8.2k with an average spend of S$88, with the successful launch of the Transformers the Ride in Dec 2011. Since the break-even point is ~6-7k daily visitors, GS revealed that a number higher than that falls very quickly to the bottom line. Hence, GS will continue to focus on drawing visitors to USS.
Additionally, GS is also positive on the issue of the IMA (International Marketing Agent) licenses and revealed that one has started operating in the first week of May. While it does not expect to see any significant revenue boost in the near term, it is hopefully of seeing more approvals over the next 12-18 months, especially for some bigger and better-funded operators.
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