Singapore poised to be #2

Singapore to take No. 2 gambling spot from Las Vegas

Better than expected returns means that Singapore may pass the Las Vegas strip this year in gaming revenue (not the county or the urban area).

So now Sands corporation has half of the 2nd biggest market in the world as well as a substantial portion of the biggest. Compare that to 5%-7% of the gaming revenue of the much smaller Vegas market. If they can use the new Bethlehem hotel to draw enough high rollers, I could see them dumping the Las Vegas property.

Why tie up so much capital in a property struggling to make a profit.

Quote: pacomartin

Why tie up so much capital in a property struggling to make a profit.

The worm will turn. The economy will eventually get better, and when it does, they will be in a great position to lead a rebounding Las Vegas market. Just need to hang on for now.