Gambling: Singapore Could Rival Vegas Within The Next Two Years
When it comes to casino and gambling, Las Vegas is by far the mecca. People from all over the world ascend to Sin City with the hopes of hitting it big and soaking up all of its vices. Now comes word that Singapore could rival or even top the Vegas Strip by 2012. It seems that more international travelers, especially ones from the Far East, are opting to stay closer to home and it is Singapore that offers those same vices.
Industry insiders are saying that due to a huge increase of patrons and better than usual earnings by one of the two casinos in the city-state of Singapore, developers are looking to upgrade accommodations and looking to expand and make services better. Genting Singapore is the top casino developer in Singapore and they are stating that their Resorts World Sentosa showed very huge earnings during the second quarter.
Genting Singapore has claimed that they have done nearly $1 Billion dollars in sales for the second quarter, the first in which statistics have been available. Resorts World Sentosa opened in February and was built at a cost of $4.4 Billion dollars. Analysts are saying that anywhere from 75 to 90 percent of this revenue came from gambling.
The other casino in Singapore is Las Vegas Corps.’ Marina Bay Sands which opened in April. Combined, the two casinos have garnered over $4 Billion Singapore dollars since February.