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Posted: 07 Sep 2010 | 6:00 am
Singapore's two new IR's (integrated resorts) have once again proven that casino's can be an instant success story.
Resorts World Senstosa posted 2nd quarter revenue of approximately USD$625 million. This dominoed as the hotels located within the destination resorts achieved average room rates close to USD190; and Universal Studios Singapore posting 8,000 daily visitors through the turnstiles.
Over at Marina Bay Stands estimated profits before tax during the initial 65 days of debuting creating a mind blowing USD94 million in profit.
Back of a recent trip I took to Resorts World, there were large numbers of Thai visitors who were on hand to shop, eat, drink and play the games of chance.
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