Singapore to become Asia’s second largest casino gaming market by 2011
Singapore will overtake Australia and South Korea by 2011 to become Asia’s second largest casino gaming market after Macao. This prediction was made in a new report from PricewaterhouseCoopers International (PwC); one of the world’s largest providers of assurance, tax, and business consulting services, which looks at the trends in both the casino and online gaming industries. “Singapore has made a dramatic entry to the casino gaming market with the two integrated resorts (IRs)”, “Together with a booming tourism industry, we are projecting casino revenues to hit 2.8 billion U.S. dollars in 2010. And with a full year’s operation for both integrated resorts in 2011, we could expect revenues to reach 5.5 billion U.S. dollars,” Greg Unsworth, PwC Singapore’s Entertainment & Media Industry Leader was quoted by the Business Times.
“The Singapore market took off because of the nature and scale of the IRs, compared with South Korea and Australia where the casinos are smaller and tend to attract local visitors, and not the tourist who’s going for a broader entertainment experience,” Unsworth said. Singapore’s two IRs include Resorts World Sentosa opened in February this year and the Marina Bay Sands opened two months later.
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