Inside Asian Gaming

IAG JUN 2023年6月 亞博匯 102 10 YEARS AGO I t is certainly no understatement to suggest that the looming US$3.3 billion expansion projects in the works for Singapore’s integrated resort duopoly have been more than a decade in the making. In the June 2013 issue of Inside Asian Gaming , published barely three years after Resorts World Sentosa (14 February 2010) and Marina Bay Sands (27 April 2010) first opened their doors, we bemoaned the fact that gaming revenues in the Lion City appeared to have plateaued. Although working off a relatively small sample size at the time, we noted that year-on-year growth in the six quarters since 4Q11 had only ever climbed as high as 10% while overall market revenue had even contracted in two of the more recent quarters. This compared with the extraordinary growth trajectory of Macau, where industry-wide gaming revenues had climbed by double figures every year since liberalization including a 58% jump in 2010 and another 45% in 2011. One reason for the plateau, Union Gaming analyst Grant Govertsen suggested at the time, was the difficulty Singapore’s IRs were having in