04 Dec '11, 9pm

Singapore's

SINGAPORE - The Republic's gaming sector is expected to rake in close to US$7 billion (S$9 billion) next year in revenue, as it cements its position as the world's second most lucrative gaming market. According to a report by Citi Group, the combined gaming revenue for the casinos at Marina Bay Sands (MBS) and Resorts World Sentosa (RWS) could be around US$6.9 billion next year. This after Citi factored in a 13 per cent year-on-year increase from this year's numbers. Some analysts and industry players have said that they expect Singapore's gaming revenue this year to surpass the forecast for Las Vegas. However, following a turnaround in the Las Vegas gaming market, the numbers for these two markets could be too close to call this year. Citi's report noted that MBS and RWS are already estimated to have racked up US$4.4 billion in gaming revenues over the first three quarter...

Full article: http://www.todayonline.com/Business/EDC111205-0000030/Sin...

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