Las Vegas is by far the Mecca, when it comes to casinos and gambling. With the hopes of hitting it big and soaking up all of its vices, people from all over the world ascend to Sin City. By 2012, now comes word that Singapore could rival or even top the Vegas Strip. It seems that travelers that are more international are opting to stay closer to home and it is Singapore that offers the same vices, especially for the ones from the Far East.
Developers are looking to upgrade accommodations and looking to expand and make services better, due to a huge increase of patrons and better than usual earnings by one of the two casinos in the city-state of Singapore, say the industry insiders. In Singapore, Genting Singapore is the top casino developer and they are stating that their Resorts World Sentosa showed very huge earnings during the second quarter.
For the second quarter, Genting Singapore claims that they have done nearly $1 Billion dollars in sales, the first in which statistics have been available. In February, Resorts World Sentosa opened and it was built at a cost of $4.4 Billion dollars. Anywhere from 75 to 90 percent of this revenue came from gambling, say the analysts.
Las Vegas Corps is the other casino in Singapore is Marina Bay Sands, which opened in April. Over $4 Billion Singapore, dollars have been garnered by both the casinos combined, since February.
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