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SINGAPORE ON BRINK OF OVERTAKING LAS VEGAS IN GAMBLING

Frank Fahrenkopf, president of the American Gaming Association, said Singapore raked in $5.1 billion in gaming revenue last year and could bring in up to $6.4 billion this year. Las Vegas earned $5.8 billion in casino revenue last year, but is a mature market with little potential for big growth

Fahrenkopf said "it’s going to be an extremely good year here and in Macau," where annual revenue will grow 25 to 50 percent this year.

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