Singapore casinos to outperform Australia, Korea
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) 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)," Greg Unsworth, PwC Singapore’s entertainment and media industry leader has told the Singapore Business Times.
"Together with a booming tourism industry, we are projecting casino revenues to hit US$2.8 billion in 2010. And with a full year’s operation for both integrated resorts in 2011, we could expect revenues to reach US$5.5 billion," he said.
"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 added.
Singapore’s opened in February this year and the Marina Bay Sands opened two months later.
Ian Jarrett
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