Singapore to reach 80% vaccination by Sept, to benefit casinos

LVS provides Singapore surprise

Analysts from OCBC expect Singapore to reach 80 percent full-vaccination by September, which will result in a loosening of social distancing restrictions and resumption of travel, local media reports. 

The easing of restrictions will benefit Genting Singapore, according to the investment research house. 

“Whilst we believe the demand is likely to remain largely supported by local demand in the second half of 2021, Genting will benefit from Singapore’s high inoculation rate which will create opportunities for a gradual and selective opening of borders by the end of 2021,” it said.

As of August 15, around three-quarters of Singapore’s population has been vaccinated. 

Singapore’s other casino, Marina Bay Sands should also expect to benefit from the easing of restrictions, though the casino company was not covered in OCBC’s latest note.