Singapore’s gaming?revenue hits €3.6 billion in 2023?

Jenny Ortiz February 28, 2024

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Singapore’s gaming?revenue hits €3.6 billion in 2023?

The combined gaming revenue of the two integrated casino resorts in Singapore surged to SG$5.25 billion (€3.6 billion) in 2023.

Gaming Intelligence reported this increase is due to the strong final quarter of last year.

The report said during the fourth quarter, gaming revenue surged by 56%, reaching SG$1.42 billion (€974 million), with Marina Bay Sands outperforming Resorts World Sentosa during this period.

Marina Bay Sands saw an impressive 84% surge in gaming revenue, totaling SG$741 million (€508.1 million) in the fourth quarter.

Meanwhile, Resorts World Sentosa experienced a 19% increase, reaching SG$441.0 million (€302.1 million) in gaming revenue for the same period.

For the entirety of 2023, Marina Bay Sands reported gaming revenue of SG3.60 billion (€2.5 billion), while Resorts World Sentosa earned SG$1.65 billion (€1.13 billion).
Overall, Singapore witnessed a 47% uptick in annual gaming revenue for the year.

Genting Singapore’s revenue also up

Last week, Genting Singapore reported it recorded an 80 percent year-over-year increase in its net profit with SG$611.6 million (€421 million) recorded in 2023.?

According to the company, the company also saw a 40 percent year-over-year growth in revenue with SG$2.4 billion (€1.66 billion) and experienced a 36.6 percent year-on-year increase in the cost of sales amounting to SG$1.5 billion (€1.01 billion).?

SiGMA Africa – only two weeks away!

With less than a month until the highly anticipated SiGMA Africa event kicks off in Cape Town, South Africa on the 11th of March, the gaming industry is abuzz with excitement. Building on the success of its inaugural edition in Nairobi, Kenya, in January 2023, SiGMA Africa is strategically positioning itself at the forefront of Africa’s burgeoning gaming landscape. With the continent’s market poised for exponential growth, driven by a rapidly evolving digital ecosystem and increasing mobile connectivity, SiGMA Group recognizes the need to foster collaboration and innovation within the industry. By bringing together leading stakeholders and visionaries in gaming, SiGMA aims to catalyse progress and propel Africa towards a new era of prosperity and opportunity. As the countdown to the event begins, anticipation mounts for what promises to be a landmark gathering of gaming enthusiasts and innovators in the vibrant city of Cape Town.?