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With the improving world economy and the opening of Singapore’s second Integrated Resort, government officials forecast that total arrivals for 2010 could surpass the 12 million mark.
The Marina Bay which opened on Tuesday and Genting’s Resorts World Sentosa, which opened in February, are making the island nation the gambling capital of Southeast Asia.
The two casinos are expected to generate a combined income of $3.5 billion next year, more than half of Las Vegas’ $6 billion of annual gambling revenue.
“The appetite to gamble in Asia is huge,” said Aaron Fischer, an analyst with CLSA in Hong Kong.
Marina Bay Sands, a massive $5.7 billion project by Las Vegas Sands Corp opened their doors yesterday after months of delays with a third of their hotel rooms, parts of a shopping mall, convention center and casino.
The casino resort was initially scheduled to begin operations in December, but the opening was pushed back to February and then to April because of heavy rains and the bankruptcy of some of the project’s subcontractors.
Sands says that between 70,000 and 80,000 visitors are expected daily when the IR is in full swing.
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