Macau derives more than 60 % of casino revenue from wealthy gamblers
Singaporean casinos focus on high-rollers may hurt Macau and Australia
(Singapore).- Singaporean two upcoming casinos may draw some business from neighboring Malaysian Genting Highlands but the city-state's target on high-rollers will likely have a greater impact on Macau and Australia.
2009-05-28
Reading time 28 seg
When up and running next year, Sheldon Adelson's Marina Bay Sands and the Malaysian Genting group's Resorts World at Sentosa will pay an effective tax of around 12 % on net revenue from high-rollers - compared with 39 % for Macau - giving operators more incentive to draw such people to the city-state.
Macau, which has 31 casinos, derives more than 60 % of casino revenue from wealthy gamblers. Australian larger casinos, such as Melbourne's Crown and Perth's Burswood, derive about 20 % from VIP customers and have a large Asian clientele.
"Potentially in the VIP - or higher-end, more premium player segment - Singapore could have a competitive impact," said Danny Goldberg, an analyst at Select Equities in Sydney.
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