Thursday 2 May 2013

Lucky high rollers raise stakes but pull down Singapore casino profits







SINGAPORE – High rollers wagered more money at both of Singapore’s casinos in the first quarter of this year – but also got luckier, pulling down the operating profits of the two casinos.



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Spending by high rollers at Marina Bay Sands in the first quarter rose 42.2 per cent from a year ago. But less was earned from them, leading to a 16 per cent year-on-year fall in the casino’s first-quarter operating profits to US$396.8 million (S$490 million), The Straits Times reported.


Resorts World Sentosa had a similar experience with high rollers, which led to its first-quarter operating profits falling 34 per cent from a year ago to S$255.4 million.



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Lucky high rollers raise stakes but pull down Singapore casino profits

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