Monday, April 26, 2010
Las Vegas Sands Singapore Casino
In 2009, gambling revenue in Macau was about $14.9 billion, up 9.6% from $13.6 billion in 2008. Las Vegas Strip gambling revenue in 2009 was $5.6 billion, off 9.4% from $6.1 billion in 2008...
Macau recorded its two biggest months to date in terms of gambling revenue in January and March, and industry watchers and insiders are salivating at the prospect of a new golden age of gambling in Asian markets.
How profitable then, will Singapore eventually be, with a much lower tax rate for Casino operators?
Was any of this priced into the stock when it was $1.77 and touted on this blog?
Posted by Palmoni at 8:55 AM