The Business Times
business-time-50

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

    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.

    BrunchCasinosAseanSouth-east AsiaAsean BusinessThailandPhilippinesSingaporeForest City

    TRENDING NOW

    Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

    Qatari LNG ship struck in Strait of Hormuz, testing US talks

    This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS shares rise 1.9% to hit all-time intraday high as sentiment improves

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Singapore ranks as the world’s most expensive city for cars and placed third globally for residential property.

    Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

    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