Tuesday, May 17, 2011

Casino spending - Loss per resident adult. Singapore is 2nd

Just in three years time the Integrated Resorts in Singapore became the 2nd largest/richest money makers. If we see the per capita losses we are 2nd too. US, China are no where to be found (Macau/Monaco are not part of this study).

This is based on the total revenue/residents of singapore. So if we assume 50% of money is coming from foreigners/tourists, still the loss/resident will stand at 500+ which puts us in top 5 list.

All this money supposed to go to other markets are now directed to gambling. No wonder the retails sales, and other businesses are affected after the IR opening.

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