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.
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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