20 May '11, 12am

Singaporeans, on average, incurred the second most losses in the world to gambling last year

SINGAPORE - Ranked as the world's second biggest gamblers, Singapore residents lost more on gambling last year. The loss incurred per adult resident amounted to €822 (S$1,451). This is an increase from €583 in 2009. Singapore also closed the gap on first-placed Australia - where an average resident adult lost €902 last year - with the opening of the two integrated resorts (IRs) in the Republic, according to a study of over 200 countries conducted by H2 Gambling Capital and published in The Economist online on Monday. Singapore might have topped the table though, as H2 had not "discounted a significant amount of casino activity from last year's numbers as this originates from foreigners", special projects head Joel Keeble told Today. The United Kingdom-based gaming consultancy calculated losses by the stakes placed less the prizes paid. The figures are culled from "primary ...

Full article: http://www.todayonline.com/Singapore/EDC110520-0000208/Sp...

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