Singapore success emboldens AsiaPac to become new global gaming mecca: Fitch

Other nations following the country's aggressive gaming legalisation.

"Singapore's success in legalising gaming has prompted a number of countries to review their gaming laws and we believe that it is likely that new markets in the region will open over the next decade," says Vicky Melbourne, Head of Fitch's Industrials for South-East Asia and Australasia.

The comment came as Fitch Ratings reports that gaming in Asia Pacific will continue to see significant revenue growth, taking its share of global casino revenues to over 40% by end-2015 to become the global market leader.

Casinos in Macau, Australia, Singapore and Malaysia should maintain their credit profiles over 2013.

The growth in the region is supported by a mostly stable economic environment in Asia Pacific countries compared with the US and Europe and the high propensity of consumers in the region to gain, said Fitch.

Fitch also expects high single-digit revenue growth in Australia following significant investment in VIP facilities.

Singapore's growth is expected to slow after having experienced impressive growth following the opening of integrated resorts in 2010 but also due to possible regulatory change afoot. This regulatory change is likely to benefit Malaysia. Casinos in Macau should grow in line with China's GDP.

Also Read

Marina Bay Sands targets 2029 completion for major expansion

Jewel Changi celebrates 5 years with 26% footfall increase

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit