Inside Asian Gaming

INSIDE ASIAN GAMING | October 2012 30 Singapore I t may have only been just over two years, but Singapore gaming seems more like a middle-aged man than a toddler. No longer feeling its way, it is now the second most profitable gaming market in the world after Macau. It is a key revenue generator for the gaming operators in the market—Las Vegas Sands Corp and Genting—and a huge tourism draw for its city-state home. Its proud but sometimes recalcitrant parents also seem at ease in regulating their prodigious offspring and profiting from their success. But things are not as simple as they seem. The battle over casino regulation in Singapore will mean the government performing a finely tuned balancing act, trying to reap rewards and support the market on one hand, while trying to prevent gambling addiction and criminal activities on the other. Several issues are vying for attention View from the Marina Bay Sands SkyPark Singapore at the Crossroads The glow of the early days definitely has faded, and concerns are mounting over the impact of amendments to the Casino Control Act that could make the market’s tough regulatory environment even tougher Limited junket uplift—Resorts World Sentosa