14 Aug '11, 9pm

S'pore casinos showing signs of maturity: by Lynda Hong Ee Lyn SINGAPORE - Singapore's casino industry is showin...

SINGAPORE - Singapore's casino industry is showing signs of maturity, with the country's first operator reporting a proportional slide in earnings from gambling. Genting Singapore, owner of Resorts World Sentosa (RWS), may be looking to non-gaming operations to drive future revenue growth, after one-and-a-half years of above-forecast performance. "There is a lot of pundits that have the view that the Singapore market is becoming mature, if one can call it that, as it relates to a limited growth to the upside because there is a finite capacity," said Mr Jonathan Galaviz, chief economist at Galaviz & Company. "There is only so much casino gaming space in the integrated resorts where you can have only a limited increase in gaming revenue." Genting Singapore posted a 17-per-cent slide in second quarter revenue to S$728.7 million, from S$874.4 million a year earlier. The compan...

Full article: http://www.todayonline.com/Business/EDC110815-0000186/Spo...

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tnp.sg 15 Aug '11, 2am

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S'pore govt to strengthen social safety net: SI...

channelnewsasia.com 14 Aug '11, 2pm

SINGAPORE: The Singapore government will strengthen the country's social safety nets to ensure no one is left behind, said...