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NewsAsia-Pac gaming market to see slower growth in 2012, says S&P
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Asia-Pac gaming market to see slower growth in 2012, says S&P
by hlk Tue 13 Dec 2011, 19:29
KUALA LUMPUR (Dec 13): Standard & Poor's Ratings Services
forecasts the Asia-Pacific gaming market to grow at a slow pace in 2012
after the rapid growth this year.
The rating agency said on Tuesday that it expected the industry to grow at a healthy rate in the next 12 months,
In its industry report card, "Asia-Pacific gaming industry: Growth
rates are moderating, but are likely to remain healthy in 2012”, it said
the outlook on the Asia-Pacific gaming industry was stable.
S&P credit analyst Joe Poon said: “We expect growth rates in
Macau and Singapore, the gaming hotspots in the region, to moderate in
the next 12 months."
He added S&P’s base-case forecast for the Macau gaming market was
an increase in gross gaming revenue of 10%-15% in 2012. As for
Singapore, it expected net gaming revenue in Singapore to grow by 5%-10%
in 2012.
“The other Asian markets are likely to accelerate their plans to
develop licensed integrated casino resorts to spur growth in their
economies.
"We expect operators in the region, with their improving financial
capacity, to aggressively bid for casino licenses and invest billions of
dollars into gaming projects," said Mr. Poon.
Poon said gaming operators were better positioned now than they were
in 2008 to accommodate risks associated with investments in new gaming
developments and any moderation in gaming demand."
forecasts the Asia-Pacific gaming market to grow at a slow pace in 2012
after the rapid growth this year.
The rating agency said on Tuesday that it expected the industry to grow at a healthy rate in the next 12 months,
In its industry report card, "Asia-Pacific gaming industry: Growth
rates are moderating, but are likely to remain healthy in 2012”, it said
the outlook on the Asia-Pacific gaming industry was stable.
S&P credit analyst Joe Poon said: “We expect growth rates in
Macau and Singapore, the gaming hotspots in the region, to moderate in
the next 12 months."
He added S&P’s base-case forecast for the Macau gaming market was
an increase in gross gaming revenue of 10%-15% in 2012. As for
Singapore, it expected net gaming revenue in Singapore to grow by 5%-10%
in 2012.
“The other Asian markets are likely to accelerate their plans to
develop licensed integrated casino resorts to spur growth in their
economies.
"We expect operators in the region, with their improving financial
capacity, to aggressively bid for casino licenses and invest billions of
dollars into gaming projects," said Mr. Poon.
Poon said gaming operators were better positioned now than they were
in 2008 to accommodate risks associated with investments in new gaming
developments and any moderation in gaming demand."
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