Daily Asia Gaming eBrief: Sentosa Island: Visitor volume to return within 1-2 years

Wednesday 25th of October 2023

Good Morning. 2024 is looking like the year to make it. And Singapore is holding its own, as Sentosa tricks out its offerings with a new Raffles hotel and other non-gaming amenities. Expectations are for the region to see about two-thirds of pre-pandemic volumes, which it hopes to trump next year. Meanwhile, in Macau, Emperor is happy its Macau business propped up its revenue sufficiently in 1H23, returning to profit once again.

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What you need to know

Sentosa Island: almost two-thirds of pre-pandemic visitor volume, should recover to 2019 numbers in “one to two years”: SG Gov’t official.
Emperor Entertainment is expecting its Macau gaming business to prop up revenue so it finally returns to profit in 1H23.

On the radar

Macau visitor arrivals down 28.6 percent m-o-m in September.
Kan Pacific receives court authorization to sell IPI property.
Bombay High Court provides temporary reprieve to Delta Corp.

AGB Intelligence

SINGAPORE

Sentosa Island: Visitor volume to return within 1-2 years

Singapore is looking ahead to the future, with Sentosa already seeing two-thirds of its pre-pandemic tourism, as expectations rise for the future. But 2024 appears to be the year for the gaming hub to shine, with multiple new offerings coming online, including a new Raffles hotel and a new strong non-gaming component. The fight is now on for luring Chinese tourists to the latest and greatest.

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