Genting Singapore Casino ~ Runs Out of Steam

Posted: August 16, 2014 in Uncategorized

Media report (ST) extracts

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Commented by Professional Ground gaming experts.

There’s no hope for Genting Singapore casino to improve its performance in the 2H 2014.

Main reasons due to,
~ there’s a very small VIP market in SE Asia. Mainly the pool of players demand for extended credits on chips.
~ Main junket pools from China and Hong Kong won’t spread their key resources and high value players to Singapore.
~ The IMAs (International Marketing Agents) in Singapore are quite useless, sad to say. They are unable to build, develop and sustain pools of player syndicates.
~ Singapore gaming jurisdiction does not favour Macau style casino VIP business.

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All factors considered, Singapore gaming jurisdiction will find it real hard to grow its revenue pie.

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