Sterling Group Ventures Inc. (fka SGGV)

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China Tourism Boom Helps Keep Singapore Gambling Alive

May 5, 2016 — 6:21 PM PDT

Singapore’s tourism industry is proving to be a bright spot in an otherwise sluggish economy, partly due to the opening of two casinos in 2010 that’s helped to double the number of Chinese visitors to the city state. Gaming and entertainment revenue is the largest single source of Singapore’s tourism income, accounting for 24 percent of all receipts in the first nine months of 2015, official data shows. Credit Suisse Group AG forecasts 2016 could be a record year for tourist arrivals in Singapore as outbound travel from China continues to grow.