Said an S&P industry report
Gaming growth in Asia-Pacific to slow down in 2013
2012-11-22
Reading time 36 seg
(Macau).- Global economic uncertainties and the lack of new supply in the next 12 months could translate to a growth slowdown in some Asia-Pacific gaming markets, according to an industry report published this week by Standard & Poor’s Ratings Services.
“In 2013, we expect revenue to increase only moderately in Singapore and revenue growth to slow in Macau, with the growth in both markets coming off high bases. But we anticipate that growth will remain solid in Australia and in the Philippines,” said S&P’s credit analyst Joe Poon.
S&P believes that Asia-Pacific gaming operators are better positioned now than they were in 2008, when the global financial crisis began to hit. “Asia-Pacific gaming operators are generating healthy cash flows and liquidity has strengthened, even for those with previously weak liquidity positions. Given the mix of opportunities and risks, we stand by our stable outlook for the sector,” said Mr Poon.
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