SG Gaming/ Genting: Sector could see some positive interests, after the President of the US Gaming Association said on Tue that SG looks set to overtake Las Vegas this yr as the 2nd biggest gaming mkt in the world. RBS has earlier suggested Las Vegas will take US$6.2b rev this yr, with SG slightly ahead at US$6.4b…..
Add that other developments in Asia are helping to clearly establish the region as the hottest gaming mkt in the world, noting the sector is expanding at record levels in Cambodia and Laos, while Sri Lanka is set to implement legal gambling next yr….
Seperately HSBC highlights that phenomenal growth in Macau's VIP gaming has largely been fuelled by unregulated grey mkt liquidity provided by junket operators, which are often linked to the outcomes of lawful wagers, which could make it very difficult for them to be licensed in SG.
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