Revenues could hit us$ 2.8 billion in 2010 and us$ 5.5 billion in 2011
Singapore to become Asian second largest casino gaming market by 2011
(Singapore).- Singapore to overtake Australia and South Korea in casino gaming revenue by 2011, to become Asian second largest casino gaming market after Macau, according to a new report from consultants PwC.
2010-12-10
Reading time 34 seg
(Singapore).- Singapore to overtake Australia and South Korea in casino gaming revenue by 2011, to become Asian second largest casino gaming market after Macau, according to a new report from consultants PwC.
It projected Singaporean revenues to hit us$ 2.8 billion in 2010 and us$ 5.5 billion in 2011. This would mean that by next year, Singapore's share of the market would leapfrog Australian us$ 2.8 billion and South Korean us$ 2.5 billion, to be the second largest in the Asia Pacific behind Macau's us$ 28.4 billion.
"Singapore has made a dramatic entry to the casino gaming market," said Greg Unsworth, PwC Singapore's Technology, Infocomm, Entertainment & Media Industry Leader.
He said a booming tourism industry along with the first full year of operation for both the integrated resorts in 2011 would help Singapore achieve the revenue that are expected to reach us$ 8.3 billion by 2014.
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