Being considered as one of the notable commercial hubs internationally, Singapore endeavours to secure the presence of tourists by sanctioning the betting activities in 2005. The government has readily given for the inauguration of two casino resorts. Amongst these two destinations, Resorts World Sentosa started functioning on 20th January, 2010. The latter, known as Marina Bay Sands started operating in 27th April of the same year. The Casino Regulatory Authority is in charge of controlling both the casinos. The Marina Bay Sands is the spacious resort housing 2561 room hotels, 1300,000 square foot convention exhibition center etc. the spectacular sky park is worth mentioning here with its capacity to accommodate 3,900 persons. Since it is in news that Genting Singapore has built up Resorts World Sentosa, we come to know of its three zones— Central, East & West.
In the phase between 2010 & 2014, the entire number of travellers to Singapore has risen in 2013. The sharp growth rate of visitors was witnessed amid 2010 & 2011. Whilst the poor rate of increase was being experienced in 2012 & 2013. However, in this very period, the visible growth of the visitors was at 6.90%. Despite the sharp fall of African visitors to the region in 2010-2014, huge number of European visitors has reached the city-state of Singapore. The year of 2013 has been the very time when the number of visit from the North & South America, Asia, Australia or New Zealand respectively has been on the rise. As a matter of fact, the number dropped remarkably in 2014.
The yearly growth of Resorts World Sentosa’s total betting revenues amounting to 23.43% between 2010 and 2011 has been completely counteracted by the two successive yearly declines. The Marina Bay Stands has surpassed with all possibilities to dominate its rivals in the past few years by posting a stunning gambling revenues increase rate of 122.60%. In fact, it is seen that Resorts World Santosa’s revenue fall has compensated the increase of Marina Bay Sands in the time between 2012 & 2013.
Assessment of Gross Gaming Profits in Singapore generated with regards to total gaming profits in the period of 2010-2014, the income was being estimated to be USD 629 935 250. In the final quarter of 2014, RWS has recorded 3.35% drop in its betting income. In the 4th quarter of 2014, the RWS had been able to post a 10.46% increase in its gross gaming revenue with comparison to Q4 of 2013.
If we are earnest to search for the best quarter of Singaporean gambling industry, then it is second quarter of 2014. This was very time when massive amount of revenues have made it USD 1.243 billion. At the last quarter of 2014, the sector has been capable of posting 23.15% increase in total gaming incomes.
