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

    (From left) Dushan county’s ambitious Shuisi Building project and an unfinished, full-scale replica of the Titanic in Daying county.

    Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind

    David Rubenstein, co-founder and co-chairman of The Carlyle Group, warns against “just trying to do deals for the purpose of doing deals, as opposed to getting high rates of return”.

    Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein

    DPM Gan Kim Yong says MAS will remove the 5 per cent cap on physical investment precious metals under the tax incentive schemes for funds.

    Singapore to establish over-the-counter gold clearing system, central bank vaulting by end-2026

    “Findings suggest that roles are being reconfigured, rather than phased out, as demand for AI-related jobs rose,” the PwC report noted.

    Singapore public sector commands highest AI salary premium as job postings surge: PwC study

    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