MBS has a better location.
Resorts World Sentosa is losing out to Marina Bay Sands when it comes to mass market players.
This trend became apparent after MBS reported that its mass win-per-day hit a record high in the fourth quarter, rising 6% year-on-year in Singapore dollar terms.
“We see this as a sign that RWS is likely to lose further mass GGR market share from 3Q15’s 40% in the near term as MBS continues to have the location advantage,” CIMB said.
In the VIP space, RWS is also expected to lose more players to MBS amidst further tightening of credit extension to VIPs and shift in focus to mass.
However, CIMB projects a reprieve over the medium term as RWS refocuses its efforts from VIP to mass while the addition of 550 hotel rooms at Genting Hotel Jurong.
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