MACAU — Asia will boast the world’s two biggest casino markets as early as this year, with Singapore set to take the No. 2 spot from Las Vegas, a U.S. gambling industry group said Tuesday.
Frank Fahrenkopf, president of the American Gaming Association, said Singapore raked in $5.1 billion in gambling revenue last year, after opening its first two casinos, and could bring in up to $6.4 billion this year.
“It’s going to be an extremely good year” in Singapore and Macau, Fahrenkopf said. Casino revenue in Macau will probably grow 25 percent to 50 percent this year, he said.
Gambling revenue in Macau, the world’s most lucrative gambling market, hit $23.5 billion last year, and monthly revenue has grown by at least 42 percent from February to May. The Associated Press; AP photo
Biggest bets
Leading markets in gambling revenue in 2010:
$23.5 billion
Macau
$5.8 billion
Las Vegas
$5.1 billion
Singapore
