Some volatility in the quarterly numbers but receivables have been consistent since Q4 2011
- Genting Singapore has said that it was comfortable with the levels of credit it had extended, while MBS has been much more cautious, describing Singapore as the ‘most challenging credit market'.
- Since jumping from 3% to 6% in 2011, Genting Singapore’s credit policy has been stable at 4.5% of direct RC volume in 2012
- At the end of 2012, MBS receivables as a % of direct play was 5%, close to where it started the year, although there was some QoQ variability
