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The Call @ Hedgeye | April 26, 2024

Singapore local mass business not growing

  • Local Singaporeans represent 30% of the visitors to Singapore’s two casinos
  • The unexpected strength of that business was primarily responsible for the blow out gaming revenues generated out of the block
  • As indicated by the total amount of visitation levies collected from locals (S$100 per visit or S$2,000 per year), local visitation is roughly flat – likely to continue to be a governor on growth

CHART DU JOUR:  SINGAPORE LOCAL LEVIES - SS