Singapore confirms third world casino market
Las Vegas is only half a billion dollars away, but overtaking does not seem to be as safe as it appeared a few years ago.
With growth of 3.8% in 2013, for a total of $ 6.07 billion (compared to 5.85 in 2012), Singapore’s casinos are the third global force in the gambling industry.
The Southeast Asian island has now hit Las Vegas Casino Strips , which last year dropped to $ 6.5 billion.
Marina Bay Sands raised $ 3.1 billion in 2013, improving by 6.6% compared to what it did in 2012. For its part, Resorts World Sentosa did better only by 1%, by resorting to 2.94 billion dollars. Both casinos opened their doors in 2010.
Already in those days, analysts had predicted that sooner or later Singapore would have passed Las Vegas Strip, becoming the second world gaming market. Lately, however, many have revised their forecast, despite the high roller market in Singapore continuing to grow in sight.
On the other hand, the mass market, that of the classic casual player who can not afford to spend large numbers, has undergone a major slowdown: ” In general, the mass market in Singapore has come to the best of the hypotheses in a A period of calm , “said Grant Govertsen , director of the Union Gaming Group .
Govertsen explained: ” The status of VIP players is more rosy, although we do not think this kind of industry can be as robust as it is in Macau .” In addition, there is also Japan’s possible competition on Singapore’s horizon, as the law on legalization of casinos is about to be approved.
We are talking about a market that could generate $ 40 billion , although Singapore will still have at least a couple of years to study the right countermeasures. The first licenses for Japanese casinos, in fact, should be awarded before 2016: 127.6 million citizens in the Sol Levante country could see their first casino in time for the Tokyo 2020 Olympics .