CNBC.com, 10 Jan 2013
As Asia's second largest gaming hub, Singapore has challenged the Las Vegas strip for the title of the world's second biggest gaming center, when revenues hit $5.9 billion in 2011, compared to $6.1 billion for its American counterpart, according to Citigroup.
But now, analysts tell CNBC that Singapore's casinos will see "moderate" growth in 2013 on increasing government regulation against locals visiting casinos, and the slowing numbers of foreign visitors as the novelty effect of the two properties begins to wear off.
Analysts are forecasting that Singapore's casino revenues will grow anywhere from 5 to 10 percent in 2013 from the previous year. That compares to an over 45 percent growth in revenues in 2011. Companies are yet to release fourth quarter and full year 2012 figures. Full story