Ministry of Foreign Affairs

Singapore to overtake Las Vegas this year

Press release   •   Jun 08, 2011 14:37 +08

MACAU - SINGAPORE is set to overtake Las Vegas as the world's second-largest gambling hub this year, a US gaming industry head said on Tuesday, as Asia cements its place as a major betting market.

Singapore has emerged as Asia's hottest new gambling destination with a revamped cityscape and billions of dollars pouring into the economy, after the opening of two resort casinos in 2010.

The strong growth came after Macau - the world's biggest gaming hub - leapfrogged Las Vegas in gaming revenue and continues to post record-breaking growth, thanks to burgeoning numbers of wealthy Asians.