Singapore Hopes Casinos Will Boost Tourism Revenue

Visitor arrivals to Singapore may rise by as much as 30 percent this year, helped by an economic recovery in Asia and the lure of two new multi-billion dollar casinos, the government said on Friday. Genting Group?s $4.7 billion Resorts World opened in February, and Las Vegas Sands will partially open its $5.5 billion casino in April as part of Singapore?s attempt to expand its tourism industry to diversify its economy. Singapore Tourism Board Chief Executive Aw Kah Peng told a conference the board is targeting a 20 to 30 percent rise in visitor arrivals to 11.5 to 12.5 million this year. She expects tourism revenues to rise by as much as 50 percent from 2009 to 413 billion.

Sourced = The Cambodia Daily