• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 18 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Fitch: Singapore gaming revenue to grow by 10% in 2024

Ben Blaschke by Ben Blaschke
Thu 7 Dec 2023 at 13:23
Singapore sling
24
SHARES
604
VIEWS
Print Friendly, PDF & Email

Gaming revenue at Singapore’s two integrated resorts, Marina Bay Sands and Resorts World Sentosa, will grow by another 10% in 2024, buoyed by the growth of a diversified customer based outside of China, according to ratings agency Fitch.

While Singapore is already performing “above expectations” with gaming revenues 15% higher than pre-COVID levels this year, Fitch analysts said in their “Global Gaming Outlook 2024” on Thursday that they expect such growth to continue, driven by increasing foreign visitors in 2024.

In particular they note that, as of October 2023, visitor arrivals to Singapore were still 25% below 2019, primarily due to the slow recovery of the China market. However, both MBS and RWS have taken measures to address this visitor shortfall with MBS opening 1,200 renovated hotel rooms and RWS extending credit to players over and above pre-COVID levels.

Fitch’s Singapore growth forecast is mirrored across much of Asia. The agency expects Malaysia – home to Genting Malaysia’s flagship Resorts World Genting – to enjoy 9% GGR growth next year, driven by a “steady increase in domestic traffic and foreign tourists.”

And in Macau, Fitch says early 2024 comparisons will be favorable, with increasing visitation due to the return of air capacity to the Hong Kong and Macau airports supporting further growth.

This is despite concerns by North American investors regarding regulatory and political changes, such as the revamping of VIP regulations that has caused a material and potentially permanent change in the level of gaming revenue from the VIP segment.

Meanwhile, 2024 promises to remain challenging for both land-based casino and online sportsbook operators, with weakened demand due to cost of living pressures.

While Australia’s strong domestic market will provide a resilient base, land-based casinos will spend much of the year shoring up their financial profiles and compliance measures following recent regulatory actions.

Online sportsbooks will be “better able to absorb the weakness”, the analysts said, although former market leader Tabcorp may be better placed than its corporate rivals to gain market share.

“The regulatory landscape continues to evolve for betting agencies, with ongoing harmonization of regulations across states and moves to ban advertising,” Fitch said. “However, we expect the impact to differ by operator, with the changes likely to reduce structural advantages that foreign-owned online agencies have benefitted from and benefit incumbent operator, Tabcorp Limited.”

RelatedPosts

As online gaming surges, Newport CEO Rodriguez says IRs must remain central to the Philippines’ tourism ambitions

As online gaming surges, Newport CEO Rodriguez says IRs must remain central to the Philippines’ tourism ambitions

Thu 11 Sep 2025 at 05:26
VIDEO: IAG chats with StarDream Cruises President Michael G. Johansen

VIDEO: IAG chats with StarDream Cruises President Michael G. Johansen

Wed 10 Sep 2025 at 22:22
Philippines international visitation back to 70% of pre-COVID levels

Foreign visitation to the Philippines down 2.8% from January to July on lower arrivals from South Korea and China

Thu 4 Sep 2025 at 05:19
Editorial – Beware the Lion King

Macau’s Galaxy Entertainment Group opens new office in Singapore

Tue 2 Sep 2025 at 05:05
Load More
Tags: Fitchgaming revenueMarina Bay SandsResorts World SentosaSingaporetourism
Share10Share2
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

Industry lawyer: All hope not lost for Thailand’s deflated casino bill

Industry lawyer: All hope not lost for Thailand’s deflated casino bill

by Ben Blaschke
Thu 18 Sep 2025 at 20:04

Thailand’s controversial Entertainment Complex Bill may be dead in the water, but there remains some hope that it could yet be revived – possibly as soon as early 2026 – according to prominent industry lawyer Lau Kok Keng, Partner and...

DigiPlus links with Philippine First Insurance to provide surety bond protection program for its online gaming players

DigiPlus links with Philippine First Insurance to provide surety bond protection program for its online gaming players

by Ben Blaschke
Thu 18 Sep 2025 at 17:03

Leading Philippines eGames provider DigiPlus Interactive Corp has inked a deal with domestic insurance company Philippine First Insurance Co. Inc  to introduce what it describes as the Philippines’ first-ever surety bond program for online gaming players. Taking effect immediately, the...

10 Years Ago – Reimagining Sri Lanka

Sri Lankan cabinet approves budget proposal to increase betting levy, double casino entry for locals

by Newsdesk
Thu 18 Sep 2025 at 02:27

The Sri Lankan cabinet has approved a proposal in the country’s 2025 budget that will see the betting levy increased and casino entry fee for locals doubled. According to a report by local business media outlet Economy Next, Cabinet Spokesman...

CDC Gaming announces reimagined Day Zero Party including “10 Women Rising in Gaming” presentation at Resorts World Las Vegas’ Allē Lounge on 66, on 5 October 2025, the Sunday prior to G2E

CDC Gaming announces reimagined Day Zero Party including “10 Women Rising in Gaming” presentation at Resorts World Las Vegas’ Allē Lounge on 66, on 5 October 2025, the Sunday prior to G2E

by Newsdesk
Thu 18 Sep 2025 at 02:08

CDC Gaming, the premier source of news, commentary and analysis for the gaming industry in the Americas and sister company to Inside Asian Gaming, has announced a revamped, reimagined and refreshed Day Zero Party ahead of this year’s Global Gaming...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English