Singapore casinos make 25% of revenue from non-gaming activities

singaporeMacau Business Daily – Non-gaming revenue accounted for about a quarter of total combined revenue at Singapore’s two casino resorts in the quarter to June 30. Market wide in Macau, non-gaming activities account for approximately 10 percent of total casino revenue, although those Macau resorts with Las Vegas-style eating and entertainment facilities generally do better.
Singapore’s non-gaming revenue performance needs to be set in the context of the bet generating power of the Macau venues. Macau’s 35 casino venues (only 32 are currently active) produced gross gaming revenues of 304.14 billion patacas (US$38 billion) last year. Singapore’s two properties produced ‘just’ US$4.15 billion.
While still an impressive number, that Singapore total was down year-on-year, affected by a Singapore government clampdown on gambling by locals. Last year according to the annual report of parent company Las Vegas Sands Corp, Marina Bay Sands’ total casino revenues were US$2.27 billion – a 3.9 percent decline from a year earlier. According to Genting Singapore, those of Resorts World Sentosa were S$2.37 billion (US$1.88 billion) – a fall of 12 percent on 2011.
Only Resorts World uses ‘International Market Agents’ – a euphemism for junkets that bring in mainly Asian high roller players from outside the city. In Singapore the VIP agents are licensed and closely scrutinised by the city’s Casino Regulatory Authority. They are also barred from having links with Macau junkets. MBS has high roller players, but manages them and gives credit to them directly.

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