..

Las Vegas Falls to Number 3 Behind Macau, Singapore of top Gambling Destinations

Written by:
Aaron Goldstein
Published on:
Jun/07/2011
Las Vegas

Las Vegas is now the number three gambling destination in the world, falling behind Macau and Singapore

Las Vegas continues to lose some serious ground to its Asian counterparts, more specifically Macau and Singapore.  While Macau has been blowing Sin City out of the water in recent years, Singapore has just claimed the number two spot of top gambling destinations this week. 

Singapore took in $5.1 billion in gaming revenue last year, according to Frank Fahrenkopf, President of the American Gaming Association.  The Asian nation was expected to rake in as much as $6.4 billion in the next 12 months. 

"It's going to be an extremely good year," in Singapore and Macau, he said.

Macau’s gambling revenue alone could grow from 25 to 50 percent this year. 

A crackdown on gambling junkets and lack of infrastructure could ultimately slow growth in Macau, however, there is little to indicate the explosive growth trend will be ending any time soon.

- Aaron Goldstein, Gambling911.com

(advertisement:  get a 100% match play bonus when you join Lock Casino today here)

 

Business/Financial News

Bitcoin Slumps 10% as Pullback From Record High Gathers Pace

Bitcoin Slumps 10% as Pullback From Record High Gathers Pace

Bitcoin slumped 10% on Thursday to a 10-day low, retreating further from record highs, with traders citing fears of tighter U.S. regulation.

Bitcoin Hits One-Week Low as Rising U.S. Yields Dent Rally

Bitcoin Hits One-Week Low as Rising U.S. Yields Dent Rally

Cryptocurrencies plunged on Monday, with bitcoin dropping more than 12% to a one-week low

Bitcoin Hits $38,000 for First Time, Pushing Cryptocurrency Market Value Past $1 Trillion

Bitcoin Hits $40,000 for First Time, Pushing Cryptocurrency Market Value Past $1 Trillion

Bitcoin smashed through $38,000 to hit a new record high on Thursday as the cryptocurrency’s massive rally continues, then the $39,000 mark just prior to 11 am ET, and by afternoon the price peaked at $40376.

PayPal Backs Crypto Tax Startup Taxbit

PayPal Backs Crypto Tax Startup Taxbit

PayPal Holdings Inc’s venture arm has made an investment in Salt Lake City, Utah-based tech startup Taxbit, which helps consumers and businesses calculate the taxes owed on cryptocurrency holdings, the companies said on Thursday.

Bitcoin Crosses $30K Mark First Time Ever

Bitcoin Crosses $30K Mark First Time Ever

Digital currency Bitcoin extended its record smashing rally on Saturday, beginning the year with a surge over $30,000 for the first time, with ever more traders and investors betting that it is on its way to becoming a mainstream payment method.

Syndicate