Singapore welcomes casino growth in other Asian countries

Channel News Asia – The opening up of new casinos or integrated resorts in North Asia is unlikely to cannibalise the gaming industry in Singapore. Analysts Channel NewsAsia spoke with say the success of casino resorts in the city-state will continue to drive demand for similar services in other parts of Asia. First, Genting Singapore announced its entry into the Korean gaming market via a US$2.1 billion investment in Jeju together with a Chinese property developer. Then came property developer OUE and its project for an integrated entertainment resort in South Korea. The project valued at about 855 billion won,…