Influx of tourists fail to lift Singapore’s casino market in 2016

At first glance, Singapore’s casino industry would have benefited from the influx of international tourists which grew 7.7 percent in 2016.

But the number of tourists who flew to Singapore to gamble dropped even at the start of 2016 if Singapore’s tourism receipts from “sightseeing, entertainment and gaming” will be the basis, according to GGRAsia.

The report pointed out that the number of gamblers who flocked to Singapore fell 16 percent year-on-year in the first three quarters during 2016 despite the number of international tourists to the city-state reached an annual record 16.4-million in full-year 2016.

Data from Singapore Tourism Board further showed that overall 2016 tourism receipts jumped by 13.9 percent, to SGD24.8 billion (US$17.5 billion) on the back of visitors spending more on food and beverages, shopping and accommodation, said the tourism board, quoting preliminary estimates.