In 2006, the Singaporean government opened to the gaming industry by awarding two casino licenses, which LVS and Genting Singapore received. The government has decided not to issue another gambling license for at least ten years, creating an effective duopoly. Genting Singapore's Resorts World Sentosa facility was the first resort to open in February 2010.
According to estimates by Royal Bank of Scotland, Singapore gaming revenue will rise by 25% to reach $6.4 billion this year indicating that Singapore is on track to overtake the Las Vegas Strip, which RBS estimates will earn around $6.2 billion in 2011. This would make Singapore the world's 2nd biggest gaming center behind Macau. Full story
