Singapore gaming revenues likely flat in 2017: Fitch
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Singapore
TOTAL gambling revenues in Singapore are expected to remain at about US$4 billion in 2017 as the high-roller or VIP segment remains weak, credit rating agency Fitch Ratings said in a note on Tuesday.
It said gaming revenues continued to slide last year largely due to a sharp contraction in the VIP segment, despite a 12.5 per cent gain in Chinese visitors - the biggest source of VIP revenue - in the first six months of 2016.
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