SINGAPORE (Nov 27): Fitch Ratings has identified Singapore to be among the markets vulnerable to weakness from China's VIP gamblers, resulting in a flat VIP segment next year.

This is considering how Singapore’s gross gaming revenue (GGR) declined 3% on-year in 1H18 after growing 14% in 2017, with the recent weakness largely driven by the slowing VIP segment across Southeast Asia and facing higher competition from expansions in the Philippines as well as other newer markets.

In all, Fitch assigns a “stable” sector rating outlook on global gaming growth for 2019 despite an anticipated deceleration of global gaming growth as China’s economy slows down, European regulations stiffen, and the near-decade-long recovery on the Las Vegas Strip tapers.

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