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Second Largest Casino: Singapore to Overtake Las Vegas

  •   Wed, Jun 08 2011 03:41:55 PM

Gurdip Singh

Singapore, Jun 8 (PTI) Singapore is set to become the world's second largest gambling hub in dollar value, with forecast earnings of USD 6.4 billion this year overtaking Las Vegas which is projected to earn USD 6.2 billion.

Making this projection at a gaming conference in Macau, the American Gaming Association president Frank Fahrenkopf said Singapore's two casinos had exceeded expectations and turned the city state into Asia's second global gaming hub.

Singapore's gaming market would likely overtake Las Vegas as the world's second-largest gaming centre as early as this year, Fahrenkopf told a Macau press conference yesterday.

Singapore's two resort casinos earned USD 5.1 billion in less than a year of operation, with the Resort World Sentosa opening for business in February 2010 and the Marina Bay Sands two months later.

The two casinos have raked in USD 1.63 billion in earnings in the first quarter of this year.
  

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Title: Second Largest Casino: Singapore to Overtake Las Vegas



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