Singapore won’t hurt Macau’s gaming market, says UBS’s Grant Chum during recent investor call, reported Dow Jones Newswires.

For mass market, Macau is about Hong Kong, Guangdong while Singapore’s about Southern Malaysia, Singapore, and, over time, parts of Indonesia, rest of Malaysia, he says.

On the VIP side, “the scale is totally different. You are not going to get anywhere close to making a dent in Macau’s VIP revenues, with the geography and regulatory framework, and also the amount of supply in Singapore versus Macau.”

Adds, “there are some days in February where Macau did well over US$100 million ($140 million) of revenue so it’s very hard to see how Singapore would actually make a dent in Macau’s demand, even if you didn’t believe that they shared completely different demand or had completely different demand constituencies, which is what we think.”

House tips Genting Singapore’s (G13.SG) Resorts World at Sentosa mass market daily revenues around $3–4 million during Lunar New Year week.