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Singapore to overtake Las Vegas this year
- Thread starter myo539
- Start date
agree! ...Agree.
Like what the great poet GracyTom says ..... let the good times roll .....:o
on gambling table ...
n in bed! ...
Hello, I did some research :P For Las Vegas, it is a very mature market.. There is about 41 casinos there of varying sizes. Visitor volume is about 39 million a year, US$5.8 bn generated in the LV strip. Growth there is going to flatline.
When looking at the revenues, you have to calculate number of visitors and total spend as well. In all probability, the average spend per visitor in SG is going to be much higher (high rollers). However, when looking at the SG casino revenues, you have to discount the first year as there is a lot of initial buzz and curiosity. Honestly for MBS, you can't expect steady state revenues until 3-4 years later. So, in a sense, I find the report misleading if they project linear growth. Case in point to remember when punting SG gaming stocks. In time to come, I certainly expect the $100 per head for local gamers to be abolished due to lobbying efforts.
I have been surprised at how prevalent gaming is in local SG culture. Have friends that are now able to park for free in MBS... local singaporeans... really champion. Retirees making regular trips there despite $100/day. Rational being you can go for 2 days if you time it right, so only $50 a day.
Any growth once initial curiousity is over, is gonna stem from the locals. :P The fact that RWS was able to offer free bus rides to the heartlands just shows what a shoddy job MCYS and Vivian Balakrishnan was doing.
Not sure about the percentage or amount. But I know nightlife biz suffering coz the heavy spenders lost big time at the casinos. Once the $$$ is with the casinos, it stays there. A check with liquour suppliers will confirm my observation.
Shitapore going to beat las vegas?
Did you know our lions are going to beat real madrid too. Amazing.
Did you know our lions are going to beat real madrid too. Amazing.
And probably Team Singapore is going to get all the gold medals in London 2012. :p
he kena whack almost every post he posted ....he already kena brain damage liao ( i also pity him ) ...when someone mention about PAP dog he will just go crazy ...like a dog in heat ...
I think so too. LV strip suffered decline in revenue since the slowdown of US economy.
Please... how can u compare Lions with the Los Blancos? (The Whites).
At least with Real Zaragoza or better known as 3653 to sinkie punters, they might just stand a chance. I cannot imagine what the scoreline would be like if RM were to play with Lions.
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Please... how can u compare Lions with the Los Blancos? (The Whites).
At least with Real Zaragoza or better known as 3653 to sinkie punters, they might just stand a chance. I cannot imagine what the scoreline would be like if RM were to play with Lions.
Do you think you could apply this logic to the sg casinos beating las vegas. U say las vegas everyone knows where it is. You say singapore ppl go ah china?
It's not even westerners. Ppl from our SEA countries don't know where it is. There are ppl in the backwoods of say thailand going huh singapore? Umm in china?
You know how shameless these por lumpars can be. Any polices their masters implement they will sell their souls and agree. They have to agree. For the sake of balls carrying and being a yes man or yes woman. Profit making over social ills. GDP comes first above everything else.
i think they meant las vegas strip versus singapore, not whole las vegas
Even that is a long stretch
A farier comparion would be some ulu casino in cambodia vs singapore.
You better start up from the bottom.
I think it's official that gaming revenues are larger than LV. But please bear in mind that a lot of this is due to the "new" factor. Besides it's not exactly a good thing given that a significant amount stems from our citizens. It's like saying your daughter is the most popular whore in Geylang. Not exactly a champagne popping moment...
Las Vegas does not have MIWs, Straits Times and Sinkies.
It takes these three combinations for any political bullshit to work.
Precisely. Same reason why I found it ridiculous and ask the same question
I assume you have never been to Vegas before.
Here's a picture of the Las Vegas Strip
See all those big buildings down there, those are hotels. ALL of them have casinos. See those smaller buildings? They are probably occupied by small shops or food courts which themselves also probably have a few gaming tables. And I seriously don't think the picture shows the entire strip btw.
To put it in local terms, just imagine all the shopping malls in Orchard Rd were resorts/hotels and all of them have a casino inside or at the very least, a few gaming tables and some slot machines.
U think the 2 IR can beat that?
*Update* Just recognize Ceasar's Palace in there, that means the pic is only about 50% of the strip
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