Singapore’s integrated resorts and casinos might create a chain reaction across Asia, as other casinos are set for tentative developments.
Initially, two separate corporations came together to invests in the Korean casino business. Genting Singapore and a Chinese property developer teamed up to start developments on a $2.1 billion investment in Jeju, the special autonomous province.
After that, Caesars Entertainment announced plans to build a $1 billion integrated entertainment resort in South Korea, with the assistance from property developer OUE and Lippo Ltd.
With mobile betting not welcome and much of the physical land reaching saturation in Singapore and Macau, has lead to casino developers turning their focus to surrounding nations.
The head of Singapore media and entertainment division at PwC, Greg Unsworth, talked about the innovation that is being practiced with casino groups in order to implement their objectives.
“There’s a lot of focus in Japan about entering and opening new resorts and granting new licenses,” said Greg Unsworth, Singapore media and entertainment leader at PwC.
“The integrated resort concept is one that is particularly appealing. It’s seen as a new successful model, built on what’s been done in Singapore and its success here.
Singapore still the prime destination for tourists
Even though the South-Eastern nation is facing imminent competition, it nevertheless remains high on the list of tourist destinations. It doesn’t merely rely on casino games and on people placing bets on sports in Singapore.
This is primarily due to its combination of gaming and non-gaming, which carries a great appeal that attracts people.