Close to $8 billion a year spent on gaming
By Theresa Tan
Singapore punters bet close to $8 billion a year on 4-D, Toto, horse racing, soccer and other games - more than the combined revenue of the two casinos.
With the exception of horse racing, the turnover for 4-D, Toto, the Singapore Sweep and sports betting such as on soccer matches continued to grow even after the casinos opened five years ago.
According to CIMB Research, the combined gross gaming revenue for the two casinos here for 2013, the latest full year available, was $7.66 billion.
Compare that to the $7.89 billion turnover for games run by Singapore Pools and Singapore Turf Club for their financial year that ended in March last year.
By Theresa Tan
Singapore punters bet close to $8 billion a year on 4-D, Toto, horse racing, soccer and other games - more than the combined revenue of the two casinos.
With the exception of horse racing, the turnover for 4-D, Toto, the Singapore Sweep and sports betting such as on soccer matches continued to grow even after the casinos opened five years ago.
According to CIMB Research, the combined gross gaming revenue for the two casinos here for 2013, the latest full year available, was $7.66 billion.
Compare that to the $7.89 billion turnover for games run by Singapore Pools and Singapore Turf Club for their financial year that ended in March last year.