Tuesday, June 7, 2011

Singapore to take No. 2 gambling spot from Las Vegas...


Asia will boast the world's two biggest casino markets as early as this year, with Singapore set to take the No. 2 spot from Las Vegas, a U.S. gambling industry group said Tuesday.

Frank Fahrenkopf, president of the American Gaming Association, said Singapore raked in $5.1 billion in gaming revenue last year and could bring in up to $6.4 billion this year. The city-state opened its first two casinos last year.

Las Vegas, which lost its No. 1 spot to Macau in 2006, earned $5.8 billion in casino revenue last year, but is a mature market with little potential for big growth.

Fahrenkopf made the prediction at the start of a gambling industry conference in Macau. More...

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