Online Casino Style: News - Tourists Flock to Singapore

09/16/2010		Online Casino Style - News: Tourists Flock to Singapore
Home History Games News Dictionary		According to a report this week by the eGlobal Travel News, the recent decision by Singapore lawmakers to allow very tightly regulated and restricted land-based casino operations in the nation has already made profits, by bringing in additional tourism and resulting in unprecedented revenues. For the first time ever, the number of tourists coming into Singapore topped more than a million for the month of July, a clear indicator that the legalization of gambling had something to do with the rush to get there. The coincidence has been more than enough to convince online gambling analysts, who are wondering when it might be their turn, given this immediate success. The million person mark is significant, as Singapore only has five million residents. That means that one fifth the whole population of the small nation came in as tourists in just a single month, a fact that sets the stage of a whole lot of success in the coming months. There are two resorts that now host some gambling options; the locations are defined as ‘Integrated Resorts,’ by the government, and are closely watched. The two host not only casino activities, but also shopping malls, convention centers, and theme-park style entertainment. They are Resorts World Santosa and the Marina Bay Sands, the first two casinos in the country and both less than a year old. Up until June, the revenues generated by the Resorts World Santosa had been increasing marginally each month, totaling about SGD $636.5 million for the three months prior. With the inclusion of casino games, the profits are expected to contribute more than USD $1.5 billion to the local economy by the end of the year. They have also set a goal of getting between 11.5 million and 12.5 million tourists to come in by the end of 2010.

09/16/2010

Online Casino Style - News:
Tourists Flock to Singapore

According to a report this week by the eGlobal Travel News, the recent decision by Singapore lawmakers to allow very tightly regulated and restricted land-based casino operations in the nation has already made profits, by bringing in additional tourism and resulting in unprecedented revenues. For the first time ever, the number of tourists coming into Singapore topped more than a million for the month of July, a clear indicator that the legalization of gambling had something to do with the rush to get there. The coincidence has been more than enough to convince online gambling analysts, who are wondering when it might be their turn, given this immediate success.

The million person mark is significant, as Singapore only has five million residents. That means that one fifth the whole population of the small nation came in as tourists in just a single month, a fact that sets the stage of a whole lot of success in the coming months.

There are two resorts that now host some gambling options; the locations are defined as ‘Integrated Resorts,’ by the government, and are closely watched. The two host not only casino activities, but also shopping malls, convention centers, and theme-park style entertainment. They are Resorts World Santosa and the Marina Bay Sands, the first two casinos in the country and both less than a year old.

Up until June, the revenues generated by the Resorts World Santosa had been increasing marginally each month, totaling about SGD $636.5 million for the three months prior. With the inclusion of casino games, the profits are expected to contribute more than USD $1.5 billion to the local economy by the end of the year. They have also set a goal of getting between 11.5 million and 12.5 million tourists to come in by the end of 2010.