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Singapore: COVID-19 left 65,7% of international arrivals or $2,66 M of earnings

Published date: 2020-08-11
The Covid-19 pandemic will inevitably delay the planned expansion of Singapore’s two casino resorts

The Covid-19 pandemic will inevitably delay the planned expansion of Singapore’s two casino resorts, the Chief Executive of the city-state’s Tourism Board, Keith Tan, said.

Mr. Tan said that delays are inevitable “because of the circuit breaker we have experienced earlier” and the overall slowdown in construction activity in Singapore. The tourism official further pointed out that the city-state’s construction sector is facing many challenges with workers and workforce that are too stemming from the world health panic to have gripped the world in many years.

International visitors spent more than S$27 billion last year. However, that figure has dropped significantly in 2020 as the number of international arrivals plunged 65.7% year-on-year to 2.66 million during the first five months of the year.

The government of Singapore last year extended the two operators’ casino duopoly through 2030. In exchange, each committed to investing S$4.5 billion (approx. $3.3 billion) in expanding and upgrading their properties.

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