The Covid-19 pandemic has been catastrophic for the gaming sector in Singapore, as lockdown measures saw local casinos operating for only a single week during 2Q2020. UOB Kay Hian’s Vincent Khoo and Jack Goh expect a whopping 65-70% contraction in gross gaming revenue (GGR) for Singapore’s casinos in 2020, with sector weakness likely to remain in the interim amid difficulties bringing down Covid-19 cases.

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