Singapore posts 8 pct revenue growth

Singapore’s two casinos took in $5.85 billion in gaming revenues in 2012, representing growth of 8 percent. Marina Bay Sands, operated by Las Vegas Sands Corp. (NYSE: LVS) reported revenues of $2.94 billion, up from $2.36 billion a year earlier. Resorts World Sentosa, operated by Malaysia-based Genting (GENM:MK) posted $2.91 billion in revenues, up from $2.14 billion in 2011. The slightly disappointing numbers were attributed to a stagnant local market and slow growth in a limited pool of VIP players.