Hit the jackpot: Singapore's gaming revenue up 10% in H1

That is after declining 30% in the past two years.

Singapore's gross gaming revenue (GGR) grew by around 10% YoY in 1H2017, after falling by around 30% over 2015–2016, Fitch Ratings revealed.

GGR is expected to continue growth in 2018, driven by sustained growth in visitor arrivals.

For the first eight months of 2017, visitor arrivals grew by 4%. In 2016, the number increased by 8%.

"We do not believe competitive pressures in the Singapore market will increase in the near term as new licenses are unlikely," Fitch Rating said.

Meanwhile, Chinese visitors were the largest segment by nationality in Singapore in the first eight months of 2017, at 19% of total arrivals.

Fitch Ratings senior director Alex Bumazhny commented, "2018 is set to be a good year for gaming operators and suppliers globally amidst a strong economic backdrop and a relatively benign new supply environment. Whilst many gaming companies will ramp up returns to shareholders, we expect these returns to be balanced with preserving, and in some instances improving, balance sheet strengths."

Also Read

Marina Bay Sands earnings jump 51.1% in 1Q24

Marina Bay Sands targets 2029 completion for major expansion

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