Saturday, February 26, 2011

Singapore Casinos Post Solid 1st Year Numbers

AsiaOne News reports that for the first year of operation, the two licensed casinos in Singapore, Resorts World Sentosa and Marina Bay Sands have done quite well. Although specific casino revenue isn't directly reported by the Sentosa resort, estimates for combined casino revenue likely exceed $2 billion US dollars. This is a very nice result for just the first year of operation.

From the article, "PricewaterhouseCoopers predicted that Singapore would overtake South Korea and Australia this year to become the second-largest Asia-Pacific casino market behind traditional leader Macau." If accurate, Singapore is becoming a big Asia-Pacific casino player at breakneck speed.

Out of curiosity, I wanted to see how Singapore casino revenue compares to Nevada. I reference an article in the Las Vegas Sun, which states that Nevada gaming revenue to recover to pre-recession levels by 2014. From the numbers in the article, Nevada gaming revenues for 2010 are likely in the $10 billion to $11 billion range. Singapore, with just two properties, is already about one-fifth of Nevada's gaming revenue. Singapore has done quite well.

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Gambling Rob said...

Gambling in Singapore is developing incredibly fast. I hope I get the chance to see it with my own eyes one day. For now it's just internet gambling for me..

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