S’pore set to be AsiaPac’s 2nd largest casino market this year
Nearly one year after opening its casinos, observers said Singapore looked set to overtake South Korea and Australia this year, to become the second-largest Asia-Pacific casino market behind traditional leader Macau.
“Singapore has made a dramatic entry to the casino gaming market,” financial consultancy PricewaterhouseCoopers said in a report estimating Singapore’s casino gaming market at $2.8 billion in 2010. It predicted that Singapore would overtake South Korea and Australia this year to become the second-largest Asia-Pacific casino market behind traditional leader Macau.
“In 2011, with a full-year’s operation for both resorts, we expect revenues to reach $5.5 billion, growing to $8.3 billion by 2014,” it said. The first casino opened in Malaysian-controlled Resorts World Sentosa on February 14, 2010, with US-based Las Vegas Sands following two months later as the world economy was still clawing itself out of recession.
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This is a testament to the fact that food and fun comes first in the Asia Pacific Region. Travel is also very high on the list. If you take food, fun and travel you have the Macau Resort and Casino Hotels and the Singapore Sentosa Resort and Casino Hotels. They appeal to pretty much all of the indulgences of the Asia Pacific Community. The high-end restaurants, gaming facilities and luxury item stores appeal to the most discriminating shoppers!
Macau is the Casino King but Singapore is trailing very closely behind! Macau and Resorts World Sentosa are two adult playgrounds that are unmatched by any casino capital anywhere else on the planet!! See for yourself. Check out the Wynn Macau Casino Resorts and Hotels Tree of Prosperity Show: