Singapore will surpass Las Vegas in 2011 gambling revenue

Jun 13, 2011 8:19 PM

Speaking at the Asian Expo in Macau last week, Frank Fahrenkopf, president of the American Gaming Association, said Singapore will likely surpass Las Vegas in 2011 gambling revenue, thus becoming the second largest gaming venue in the world.

During 2010, he said, Singapore generated $5.1 billion in gambling revenue. He estimated that number would grow to $6.4 billion this year. It was estimated that Las Vegas will total some $6.2 billion in this calendar year.

"It’s going to be an extremely good year in Singapore and Macau," he said, adding that casino revenue in Macau will probably grow between 25 percent and 50 percent in 2011.

He warned, however, that some problems could develop, such as a crackdown on junket operators who help generate much of the high-end play at the casinos.