The Business Times
business-time-50
SUBSCRIBERS

Too early to bet against Singapore amid wave of casino openings in Asia: analysts

google-preferred-sourceAdd BT as a preferred source
Uma Devi

Uma Devi

Published Thu, Jun 15, 2023 · 05:22 PM
    • Prior to the recent developments, Singapore had earned a name for itself as one of the region’s top gambling spots, with two casinos – one at MBS and the other at RWS. 
    • Prior to the recent developments, Singapore had earned a name for itself as one of the region’s top gambling spots, with two casinos – one at MBS and the other at RWS.  PHOTO: BT FILE

    SINGAPORE’S integrated resorts (IRs) could struggle to keep their market share as competition intensifies with the opening of new casinos in the region.

    But industry watchers say that it could be too early to bet against the city-state – at least for now.

    This comes amid a boom in Asia’s casino industry, with Japan and Thailand recently announcing plans to legalise casino gambling and build casinos in an attempt to boost domestic and international tourist spending. 

    CasinosGentingSpotlight

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Net interest income fell 5% to S$2.2 billion.

    OCBC Q1 profit rises 5% to S$1.97 billion, beats estimates

    The Court of Appeal found the seller's conduct serious enough to justify a much higher award than the High Court had granted.

    Singapore Instagram seller must pay Louis Vuitton S$510,000 in damages over counterfeit goods case

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More