03 Apr '13, 8pm

A Look At Singapore's Value To Las Vegas Sands - Forbes

A Look At Singapore's Value To Las Vegas Sands - Forbes

Singapore’s casino gaming revenues reached $5.9 billion in 2011 compared to $6.1 billion for Las Vegas Sands. Singapore is clearly one of the biggest destinations for tourists and gambling enthusiasts, but it appears that the growth is now slowing down. Growth in 2013 is expected to be moderate due to relatively strict government regulations and a decline in the number of foreign visitors. The reason for the latter could be the novelty effect wearing off for the casino resorts. It’s not just about the casino industry, Singapore’s economy, in general, is witnessing a slowdown. As a result, Las Vegas Sands and its competitor Genting Singapore have seen a decline in revenues from the region in recent quarters.

Full article: http://www.forbes.com/sites/greatspeculations/2013/04/03/...

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