Having these desirable numbers, partly from the strong growth in the tourism industry, but the main attraction comes from the fun activities – shopping – relaxation associated with casino activities.
In addition to the boom of online gambling form as well as online casinos podcast, casinos are considered a magnet to attract visitors and help boost the tourism industry of the host country, leading to real estate prices around the region.
Model of resort real estate associated with the world’s first casino developed by Las Vegas Sands (USA), integrating entertainment, shopping, and leisure activities. The birth of this model brings to a completely different look for Las Vegas, turning the desert land into one of the world’s most entertaining capitals.
According to the Macau Real Estate Opportunity Fund, housing prices in Macau have tripled between 2009-2014 and this increase is directly proportional to the revenue of Macau casinos. This is the time when the casino integrating entertainment activities – relaxation – shopping strongly started. In the first 8 months of 2018, real estate prices in Macau grew by 17.1% over the same period in 2017. According to The Time (UK), Macau is expected to become a country with the highest per capita income in the world by 2020.
In Singapore, in 2010, the casino was legalized for the first time here with two large casinos in the tourist resort complex, Marina Bay Sands and Resort World Sentosa Casino. After only 1 year, the revenue of the Singapore tourism industry increased by 20%, resulting in strong demand for accommodation and housing.
According to a Reuters announcement, house prices in the immediate vicinity of the Casino have increased by 60% over the five years from 2009 to 2013. A house in Sentosa, sold for $17 million in February 2016, has increased to $20.2 million in just 4 months.
One of the biggest contributing factors in increasing tourism revenue is the high-class resort service associated with the casino, which helps visitors stay more days. Complex populations with all kinds of utilities, meeting the needs of entertainment, relaxation as well as shopping have brought visitors a unique, more interesting experience.