You are here

Singapore IR success not easily transplanted

Every new Asian jurisdiction considering IRs should be cognisant of its own distinctive set of political and socio-economic dynamics.

LESS BRIGHT: Last year, many thought Macau's casino revenues would exceed US$50 billion - but they dipped instead to US$44 billion.

A PALL has been cast over the casino industry in Asia. In the old adage, when the US sneezes, the world catches a cold. In this case, when China sniffles, the casino market contorts into a coughing fit. Macau, the world's casino capital, has been suffering double-digit declines for the best part