Can Singapore Outpace the Vegas Strip?Published March 21, 2011
Singapore goes head-to-head with Las Vegas.
The gaming revenues from leading Singaporean casinos are set to outpace those of the Las Vegas Strip within an expected period of two years. It is however entirely likely that various regional competitors may be a thorn in the side of their gaming prowess.
It was recently revealed that gambling revenues from the top casinos in Singapore hit $4 billion in 2010 and analysts are hoping that this can grow by 25% in no time at all. By contrast, the famed Las Vegas Strip generated $6 billion in revenues in the 2010 period.
Behind the Massive Growth?
The burgeoning middle class sector in Asia is contributing sharply to the increased gaming revenues. By comparison, the US growth is expected to slow. Now however gaming pundits are looking to other Asian countries to pick up the pace too.
Asian superstars in Japan, Vietnam, Taiwan and the Philippines are providing plenty of competition to Singapore's cash cow market. It is however accepted that the Asian market is big enough to accommodate all regional markets.
The biggest players include Malaysia, Vietnam and their ability to attract Chinese gaming patrons into the mix. On that note, Singaporeans are able to enjoy exotic gaming delights at world class online casinos such as GoWild Casino. This premier gaming operator features a wide range of world class games in craps, roulette, baccarat and blackjack among others. Generous bonuses make this an attractive alternative to bricks and mortar casinos.