The new $9 billion investment in Singapore's two integrated resorts (IRs), announced this week, will cement their appeal amid stiffening regional competition for a slice of the pie, analysts said.
All eyes are currently on Japan, a potentially lucrative market that last week green-lit standards for up to three planned IRs which must include hotels, conference rooms and shopping malls. The maximum floor space for casinos will be capped at 3 per cent of the total IR area, while residents must pay a 6,000 yen (S$73) levy.
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