Integrated Resorts Hit Jackpot
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.