Good morning. Singapore is in a fine mood, with its tourism bureau announcing that the city expects tourist numbers to surge back to up to 14 million in 2023, more than double that seen in 2022, which already topped estimates. Analysts are also expressing positive views about Macau’s recovery, after it reopened on January 8th, with gross gaming revenues predicted to near $1 billion for January, based on current daily rates. And stay tuned, as the results of the Alvin Chau and Suncity junket case are set to be released soon!
What you need to know
- Singapore confident in visitor recovery, as tourism board estimates up to 14 million tourists in 2023, doubling visitation in the last year.
- Analysts predict that Macau’s January gross gaming revenue could near $1 billion, bolstered by Chinese New Year, after it opened up.
On the radar
- SJM announces special discretionary bonus for employees.
- Gaming operators file less suspicious transaction reports in 2022.
- PH “ready” if WHO decides to lift global public health emergency status.
- Stay Tuned: Alvin Chau’s Suncity junket case sentence to be released today.
Singapore’s tourism board is expecting visitation to double in 2023, with estimates that up to 14 million tourists will hit the city’s shores. Tourism spend is also expected to increase to at least two-thirds of pre-COVID levels, with the board aiming at events as a major driver to visitation. Increased flights and China’s move to open up are seen as major contributors to the expected influx.
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