8 JUNE: Singapore is set to overtake Las Vegas this year as the world’s second-largest gambling hub, the Straits Times newspaper reports today, quoting a US gaming industry boss.
Singapore has emerged as Asia’s hottest new gambling destination with a revamped cityscape and billions of dollars pouring into the economy, after the opening of two resort casinos in 2010.
Macau is now the world’s biggest gaming hub, thanks to the growing numbers of wealthy Asians.
The two resort casinos in Singapore posted US$5.1 billion in gaming revenues in 2010, a figure forecast to rise to $US6.4 billion this year, according to Frank Fahrenkopf, president of the American Gaming Association.
Royal Bank of Scotland research puts the Las Vegas this year at $US6.2 billion.
"Now more than a year old, the two integrated resorts in Singapore have exceeded all expectations and turned the nation into Asia’s second global gaming superpower," said Mr Fahrenkopf.
"The country’s gaming market will likely overtake Las Vegas as the world’s second-largest gaming centre as early as this year," he told a news conference during the Global Gaming Expo Asia event which opened yesterday in Macau.




