08 Mar '11, 3pm

Singapore's gaming revenue may rise 25% this year: experts

SINGAPORE : In the next two years, gaming revenues from Singapore's two casinos may exceed those from the Las Vegas strip. But experts said that Singapore's gaming industry will see competition from regional players. The burgeoning Asian middle-class is ringing in growth for the casino industry in Asia. Some experts are forecasting Singapore's gaming revenue to increase 25 per cent this year, faster than 20 per cent growth expected for Macau. And while analysts are expecting slower growth from the casinos in the US, it seems the chips are in for Asia; following the opening up of the casino industry in Singapore, it seems all eyes are on markets such as Vietnam, Japan and Taiwan. Irvin Seah, economist and vice president at DBS Group Research, said: "For Singapore's case, we are considered a new kid on the block, but...I think going forward, we may see competition from regio...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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  1. 09 Mar '11, 1am

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