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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
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