No new licenses for Singapore, minister says

Singapore won’t open its casino market to new entrants when the current duopoly expires in 2017, local media cited Senior Minister of State for Trade and Industry Lee Yi Shyan as saying.

The government will instead focus on working with the two Integrated Resorts (IRs) to ensure their attractions and services continue to meet the needs of Singaporeans and enhance the country's tourism appeal, he added in Parliament.

The government put a moratorium on new licenses when it awarded permits to Las Vegas Sands’ Marina Bay Sands and Genting Singapore’s Resorts World Sentosa.
 

However, analysts say the market may have plateaued and with a lack of new entrants or additional capacity, there are few drivers for growth.