Asia gaming

Jun 15, 2010 7:01 AM

Asia’s gaming market could overtake the U.S. in as little as three years as the region’s wealthy flock to glittering gambling hubs such as Macau and Singapore, a survey said last week.

Macau has already leapfrogged Las Vegas in gaming revenue, and other venues such as Singapore are cashing in on the exploding popularity of casino gambling.

The survey of industry experts was released at last week’s Global Gaming Expo Asia held in Macau. About two-thirds of those polled said U.S. casino revenue would be eclipsed by Asia in three to five years.

"The growth of the market in Asia has been incredible," said Frank Fahrenkopf, head of the American Gaming Association. "The survey found that all the respondents expected Asia to overtake the U.S.," adding that the region had "unlimited" potential as a gambling hub.