The Business Times
business-time-50
SUBSCRIBERS

South-east Asia bets big on casinos, but who will take Singapore’s crown?

While the Philippines is hot on the city-state’s heels, Thailand may be a dark horse to watch

google-preferred-sourceAdd BT as a preferred source
Goh Ruoxue

Goh Ruoxue

Published Fri, Jul 12, 2024 · 03:00 PM
    • Even as the race to hit the jackpot heats up, there are questions whether the regional market is big enough to support sustained growth.
    • Even as the race to hit the jackpot heats up, there are questions whether the regional market is big enough to support sustained growth. ILLUSTRATION: SIMON ANG, BT

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    SOUTH-EAST Asia is fast cashing in on the casino business.

    Whether it is to woo tourism dollars, boost the local economy, create jobs, or stamp out illegal gambling, some Asean economies are playing their best hands as they vie for their slice of the casino pie.

    The stakes are getting higher as these regional neighbours attempt to put their own spin on replicating Singapore’s and gambling mecca Macau’s successes in the integrated resorts industry.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    BrunchCasinosAseanSouth-east AsiaAsean BusinessThailandPhilippinesSingaporeForest City

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

    Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    Malaysia ranks 23rd globally on the Milken Institute’s global opportunity index.

    South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report

    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