Inside Asian Gaming

IAG JAN 2023年1月 亞博匯 36 moves on the management front too with the appointment of former MBS executive Andrew MacDonald as Chief Casino Officer and former Singapore Business Federation CEO Lam Yi Young as its new Deputy CEO. As of 30 September 2022, RWS held total GGR market share of 36%, according to Nomura analysts, with VIP at 38% and mass at 32%. But greater market share or not, the consensus is that Singapore’s gaming pie continues to rise, with Bernstein estimating market GGR to recover to 107% of 2019 levels in 2024 and to 116% in 2025. “With the opening of Phase 2 developments for Resorts World and Marina Bay Sands, we expect the market to [further] grow with the expansions beyond 2025,” the brokerage wrote. TEAM EFFORT Almost 12 months to the day after the expansion projects of MBS and RWS were revealed in April 2019, the Ministry of Home Affairs announced that Singapore’s gaming regulator would undergo a makeover of its own. In a comprehensive shake- up of the industry’s regulatory “In the near term, we expect regional VIPs to continue gambling primarily in Singapore and locals to remain in Singapore to gamble.” – Samuel Yin Shao Yang 「短期內，我們預計區域內貴賓賭客及本地 賭客都將留在新加坡耍樂。」 – Samuel Yin Shao Yang COVER STORY