31 May '17, 11pm

Why Singapore casinos can't collect from China's high rollers

Why Singapore casinos can't collect from China's high rollers

Beijing's crackdown on capital flight is also expected to cast an impact on the gambling business in the Lion City. Singapore's two gambling resorts, the Marina Bay Sands – owned by the Las Vegas Sands Corporation – and locally-owned Resorts World Sentosa have both seen revenue decline, and have tried to get visitors to spend on non-gambling activities. At the lavish Marina Bay Sands, for instance, there's a 57-storey high, 150-metre rooftop infinity pool and an art museum. The Singapore Tourism Board has also been intensifying marketing efforts in tier-one and two cities in China by partnering with the country's digital players like Tuniu and curating content on Singapore's tourist attractions for Chinese platforms, including WeChat and Dianping.

Full article: http://www.cnbc.com/2017/05/31/why-singapore-casinos-cant...

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