Singapore's gaming revenue will grow by 10% in 2024

Singapore's gross gaming revenue will grow by 10% in 2024. Analysts from the research company Fitch Ratings came to this conclusion in their report “Global Gaming Outlook 2024”.

As noted in the document, income growth will be due to an increase in the number of foreign visitors to gambling establishments. As of October 2023, visitor numbers to Singapore were still 25% lower than in 2019.

Currently operating in Singapore are the Marina Bay Sands casino resorts, operated by a division of Las Vegas Sands Corp; and Resorts World Sentosa, operated by Genting Singapore Ltd. Singapore's casinos collected a record S$147.31 million ($108.3 million) in gate fees in the 2022/2023 financial year ended March 31. The previous record of S$130.9 million was achieved in 2017-18. Gambling revenues are 15% higher than pre-COVID levels

The report also forecast Malaysia's gross gaming revenue to grow by 9% and Macau's gaming market to continue to recover.