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Integrated Resorts Hit Jackpot

Category: Tourism, Posted:07 Sep 2010 | 06:00 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.

Other News

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Asia’s Biggest Hotel Investment Event HICAP Returns To Singapore

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PHIST 5 Event and Sustainability Conversation Videos

Category: Hotels, Posted:05 Oct 2022 | 06:00 am Last week’s PHIST 5 hospitality sustainability event in Phuket placed ESG at the forefront of tourism recovery. Organized by the Phuket Hotels Association, Greenview and C9 Hotelworks, there were attendees from all over Asia and we are looking at an even better learning-focused PHIST 2023. If you missed the event, please find the following video […]
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New Niseko Tourism and Property Market Update from C9 Hotelworks

Category: Hotels|Real estate|Tourism, Posted:04 Oct 2022 | 08:19 am Japan’s upcoming tourism reopening on 11 October has created an onslaught of bookings for the winter season in Asia’s leading alpine destination – Niseko. As the favorable dollar yen exchange rate and the low-interest regime have spurred investors’ interest. C9 Hotelworks takes a closer look at this dynamic marketplace. Despite the government’s closed border policies […]
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