Singapore casino operators are all out of luck in 2016: Fitch

Growth will continue to stagnate.

The chips are down for Singapore's two casino operators in 2016, according to a report by Fitch Ratings.

Fitch expects Singapore's gross gaming revenue (GGR) to stagnate in 2016, after slipping by roughly 10% to USD4.8b in 2015.

The plateauing growth is due to the ongoing anti-corruption crackdown in China, the weaker Indonesian rupiah and the overall softer regional economic outlook.

Fitch also believes that the Singapore government is unlikely to grant licenses to new casino operators, despite the imminent expiry of the exclusivity period for Genting and Marina Bay Sands.

The duopoly is likely to continue not only because of the muted outlook for inbound tourism but also because new casinos might increase problem gaming among the local population.