Las Vegas Dropping to Number 3

Posted by Lenny S On 4/21/11 :

Sad decline for what was once the world's biggest gambling centre
 
First it was Macau that overtook Las Vegas as the world's biggest gambling centre; now comes the news that another rising Asian tiger – Singapore – is about to eclipse the US gambling mecca.
 
According to reports on CNBC this week, Singapore, which has had two land casinos operating for only a year, is already set to wrest second place from its American counterpart.
 
A study by the Royal Bank of Scotland has shown that by the end of 2011 revenues from the two casinos will top $6.4 billion, overtaking similar predictions for Las Vegas of $6.2 billion.