Mass market turns south in Singapore

Singapore’s two operators are seeking to add more non-gaming attractions to boost growth as income from their casinos continues to drag, with results released this week showing an unexpected drop in mass revenue at Marina Bay Sands.   Casino revenue for the quarter fell 1.6 percent to $556.7 million, with adjusted property EBITDA dropping 1.7 percent to $357 million. The property reported a drop of 29 percent in its rolling chip volume, but more unexpected was the almost 11 percent drop in mass market volume year-on-year. Slot handle gained 6 percent. Las Vegas Sands chief operating officer Robert Goldstein told analysts on a conference call that he’s hoping that the market will rebound over the summer, as the company has been “hyper-focused” on the mass sector. “The question is, is that a short-term blip, the 90-day miss or is that a trend, we don’t know at this point,” he said. The Marina Bay...

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