Retail in Asia

In Markets

Singapore makes tentative changes as casino earnings slow

Singapore’s bet on junkets is a booster shot for the slowing growth of its nascent gambling industry, but for investors, a big payout is not guaranteed.

The city’s two casinos – Genting Singapore’s Resorts World Sentosa and Las Vegas Sands’ Marina Bay Sands, which both opened in 2010 – saw blowout growth in their first year of operations, generating more than USD6 billion in gross gaming revenue in 2011.

Recently though, quarterly results have missed analysts’ forecasts.

(Source: The Australian)