IR Jackpot Could be Bigger Than Predicted

"Despite the fact that casinos look set to pop up all over Asia, the tycoon who bagged the Marina Bay integrated resort has made a bold prediction: It could rake in up to US$2 billion ($3.1 billion) a year in gaming revenue alone.

"This aggressive estimate by Las Vegas Sands' chairman Sheldon Adelson surpasses earlier projections by analysts — that it would take both the Marina Bay and Sentosa resorts to bring that kind of money into Singapore.

"...Just 1 per cent or less of the population within three to five hours by air is what we need to be successful. I haven't even mentioned Japan, Korea, China," said the feisty 73-year-old.

"...He added that he needs only half of the additional 8 million tourists that Singapore is wooing by 2015 to make Sands' US$3.6-billion investment worthwhile. 'We'll break even or make money after half of that number,' he said..."

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