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Singapore contracts in Q4. Here is the growth and market share breakdown. 

Market trends

  • Singapore gross gaming revenues declined 12% YoY in Q4 2013 to S$1.7 BN.  Adjusting for hold (based on average since inception of 2.80%) for both periods, GGR still slumped 9% YoY.
  • Market VIP rolling chip volume shrank 7% YoY in 4Q, snapping 4 quarters of high double digit gains  
  • Mass revenue fell again in Q4, -6% YoY, the 2nd consecutive quarterly decline
  • Net non-gaming revenue fell 8% YoY in Q4, the 1st decline since 3Q 2012

Market shares

  • MBS GGR share is in-line with the 3 year average but below recent trends 
  • Volume share was consistent in Q4 relative to Q3 with MBS holding 47% of VIP rolling chip share and 57% of mass table volume share
  • MBS's mass table revenue share rose 2% points sequentially to 59% due to higher mass hold and volumes
  • MBS's slot revenue share was unchanged sequentially in Q4

* Blue trend lines in the charts below are from MBS's perspective

SINGAPORE Q4 WAS ONE TO FORGET - 1

SINGAPORE Q4 WAS ONE TO FORGET - 2

SINGAPORE Q4 WAS ONE TO FORGET - 33

SINGAPORE Q4 WAS ONE TO FORGET - 4

SINGAPORE Q4 WAS ONE TO FORGET - 5

SINGAPORE Q4 WAS ONE TO FORGET - 6

SINGAPORE Q4 WAS ONE TO FORGET - 7