SINGAPORE TIDBITS

Here are a few thoughts from my trip yesterday in Singapore.  I will follow up with Macau comments later in the week.

  • No visibility on junket approval
  • Underground junkets not a major factor for Genting anymore.  Been cracking down from government pressure.  May explain some of the market share loss that is sure to be sustainable.
  • Genting seriously thinking about becoming more transparent.
  • Singapore economy still strong but little growth from local population expected and may even be difficult to maintain.  Approximately 30% of visitors are local.
  • Genting thinking they can hold 50% market share in Q3 but we’re not so sure.
  • Junkets think they can grow volumes by at least 20%.