Singapore’s 2014 gaming revenue to grow by 12 percent on VIP Boom, estimate

UBS has revised upwards its 2014 forecast for Singapore’s gross gaming revenue to 12 percent from 8 percent previously because of growth in the VIP segment. 

The firm has almost doubled its estimates for VIP growth to 19 percent next year, from 10 percent previously. The growth in the VIP segment comes at the expense of the mass market, which is likely to see growth slow to 3 percent next year, down from a previous estimate of 7 percent.