by CNNGo staff
Two tales -- one of success, the other a failure -- came out of Singapore's tourism industry this week.
The good news came via casino resort Marina Bay Sands, which reportedly took in S$17 billion in the nine months up to September 30, up 22 percent from the same period in 2010.
And most of the gamblers are foreigners. According to a report by The Wall Street Journal, foreign visitors to Marina Bay Sands -- run by U.S. gaming group Las Vegas Sands Corp. -- now account for about four out of five visitors to the resort’s casino.
What’s more interesting, the WSJ says Marina Bay Sands reported S$3.72 billion in gross gaming revenue for 2011, equivalent to almost 50 percent of the total gaming win for the Las Vegas Strip over the 12-month period to November 30.
The resort's hotels are also thriving. A report in Singapore's Today quoted Sands' billionaire chief executive Sheldon Adelson as saying he's in talks with the Singapore government to buy land adjacent to Marina Bay Sands resort to add an additional 1,000 to 1,500 rooms, as average occupancy rates are running above 90 per cent.
read moreSource: http://rss.cnngo.com/~r/cnngo/~3/wYbuxvQ2EPE/good-news-and-bad-singapores-big-tourism-players-973388
wshington nationals ron paul chairman mygateway fullerton college appendectomy transformers dark of the moon trailer
No comments:
Post a Comment