Singapore growth to hinge on improving floor yields, Fitch says

    Singapore, whose gaming revenue returned to peak levels in the third-quarter of last year, may see further upside if operators can better yield the gaming floor, according to ratings agency Fitch in a report. However, the island’s operators will face pressure from increased competition, 

    with the Philippines being the biggest near-term threat. The current two concessionaires’ licenses run through to 2017 and the probability of the government granting additional licenses is low, but still possible, Fitch said, adding that there is a more probably risk from a rise in gaming taxes.