Asia’s Junket Decline Leaves Singapore IRs Facing Battle to Retain Premium Mass Players
The decline of the Asian junket industry could negatively impact Singapore’s integrated resorts with Marina Bay Sands (MBS) and Resorts World Sentosa (RWS) set to face increased regional competition for its regular premium mass players.
According to a Tuesday note from Maybank IB Research highlighting increased headwinds for RWS operator Genting Singapore – including the suspension of the land vaccinated travel lane (VTL) between Singapore and Malaysia on 23 December – analyst Samuel Yin Shao Yang warned that Singapore’s most lucrative player base would now become an obvious target for regional competitors in Macau, the Philippines and Cambodia.
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