Analysts: Macau Vip Market Will Be Weakened
After analyzing the vip markets of singapore and macau, the analytical company maybank kim ego came to the conclusion that singapore will become more promising in 2019.
Experts note that singapore vip segment has the potential for growing gross income from games (ggr). With regard to macau such rainbow perspectives is not observed. The main causes of weak ggr macao analysts call ban on smoking and weakening the economic situation on the mainland china.
Analysts believe that the ggr vip segment of singapore will increase by 5% in 2019 and 2020.
According to the forecast published last week, the nomura japanese financial group, the ggr vip segment of macao will decrease by 7.5% in the first half of 2019.
«Given the connection between the ggr vip segments of macau and singapore, investors are obviously concerned that the singapore market in the near future will slow down the pace of development», – the message says maybank.
Marina bay sands and resorts world sentosa – two resort casinoes that belong to las vegas sands corp and genting singapore ltd. These are the only institutions in which smoking was not prohibited.
Maybank also considered the impact of infrastructure changes on both singapore facilities. Both companies made statements that thes want to increase the amount of gambling inventory and rooms in hotels in the resort casino.
«In the first half of 2019, it it expected that genting singapore will announce its pan to upgrade and expand resorts world sentosa. Following this, las vegas sands will announce its intention to spend the extension of marina bay sands. At the moment, the details are missing, but we believe that their plans include an increase in the number of hotel rooms and new tourist attractions in addition to the existing casino», – add analysts.
Recall: earlier it was reported that tax raising would not affect the malaysian casino.