UOB Kay Hian Research analysts Vincent Khoo and Jack Goh have kept an “overweight” call for the gaming sector, and are confident that Singapore’s casinos are poised for better recovery for the rest of the year.
This is in light of how Singapore has scrapped the previous quota-based Vaccinated Travel Lane (VTL) arrangement, replacing it with a new Vaccinated Travel Framework (VTF) which allows fully-vaccinated travellers to enter Singapore free of quarantine and on-arrival tests. Pre-departure tests are also no longer required for travellers entering Singapore from April 26 onwards.
The analysts therefore expect the gaming industry to benefit from surging international patronage and gross gaming revenue (GGR).
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