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Singapore Casinos set to overtake Las Vegas gambling in 2011

According to a Royal Bank of Scotland forecast for the rest of this year, Singapore’s casinos are set to out-earn the Las Vegas Strip for the first time, making the island nation the world’s second largest gambling hub behind Macau.

Marina Bay Sands and Resorts World Sentosa are Singapore’s first casinos, and have been open for business for just a year, but there has been no shortage of interest, and no shortage of revenue.

In 2010 the two companies together grossed just over US$5billion – a figure that looks set to be close to US$6.4billion at the end of this year. Las Vegas, in contrast, has seen a fall in revenues in recent months, resulting in a forecast of a little over US$6billion for 2011.

Part of the success of Macau’s and Singapore’s casinos lies with the enthusiasm of the local punters: Marina Bay Sands and Resorts World Sentosa between them have seen some 26million customers in the last year, well over half of them locals. Such a surge in popularity is even more impressive when you consider that each guest has had to pay a S$100 entrance fee imposed by government legislators as a deterrent.

The 4-day Chinese New Year holiday alone saw nearly 900,000 guests pass the doors of the spectacular Marina Bay Sands – with its thousands of luxury rooms, casino with 500 gaming tables, and iconic 200-meter-high, boat-shaped Skypark, Marina Bay Sands is a Casino that will be a fixture of the international gambling skyline for years to come.

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