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Weaker ringgit, rupiah dampen S'pore casinos' takings

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Published Thu, Apr 2, 2015 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Singapore

    THE Malaysian ringgit's fall to 17-year lows against the Singapore dollar will limit the Republic's mass-market gaming revenues even after the opening of Genting Singapore's new hotel in Jurong, close to Malaysia's border, analysts said.

    Singapore casinos derive roughly half their annual gaming revenues - amounting to about US$6 billion in 2013 - from mass-market visitors, who gamble a few hundred dollars in a sitting rather than thousands of dollars a hand like VIP guests.

    GentingResorts World SentosaMarina Bay Sands

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