Not Enough Local Betting at Genting RWS

Posted: September 9, 2010 in Uncategorized

News extracts from the Straits Times, Singapore

9 Sept 2010   Thur

Now that the Genting’s Resorts World Sentosa has been running free shuttle buses service into Singapore’s heartland estates, trying to lull locals to their casino.  It is clearly a sign that RWS is still not getting the critical mass  local share of casino revenue.  The current estimated local contribution to IR casino is about 1/3 of the total market size.  Domestic market share is critical to RWS’ next few quarters performance results.   Marina Bay Sands is trying to do catching up game.  

Over the longer term, Malaysian mass market may not be sustainable at high turnover rates, after the new destination attraction is over.

The authority is investigating the matter, as this is not a permitted way of marketing casino to the locals.  

Readers may refer to previous article “Watch Out Next Two Quarters – Genting RWS” posted in this blog.

 

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