BUSINESS

Singapore ready to overtake Vegas

TAGs: Marina Bay Sands, Resorts World Sentosa, Singapore

MarinaBaySandsAccording to the Royal Bank of Scotland, Singapore will soon overtake Las Vegas as the world’s second-largest gambling destination behind Macau. You’ll note that Macau sits comfortably in first place, you’ll also note, if you’ve been following CalvinAyre.com, that Asia as the mecca of gambling should be nothing new to you, we’ve maintained that from the beginning.

Singapore’s two casino resorts, Marina Bay Sands and Resorts World Sentosa, have raked in gaming revenue of $5.1 billion in 2010. The Royal Bank of Scotland has estimated that this figure will likely see a 25 percent hike $6.4 billion this year alone.

At $6.4 billion Singapore would surpass Las Vegas in revenue and they’ll be doing it with two casinos that aren’t even two years old.
Singapore had in the past been adverse to gambling but the clearly common sense prevailed and they are now reaping the benefits. While other economies remain sluggish, gambling has allowed Singapore and Macau to thrive.

This just more evidence of the exponential growth and how profitable gambling is in Asia in comparison to other parts of the world. Private online gambling companies in Asia are and have been juggernauts in comparison to their European counterparts.

Now with Singapore poised to surpass Las Vegas’ $6.2 billion revenue mark with just two casinos, punters might want pass on the Vegas move and check out some of the exquisite venues across the pond.

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