Around half of that VIP business comes from China, which is in the midst of an economic slowdown, while a crackdown on graft is making it harder for wealthy Chinese to take money out of the country and discouraging conspicuous consumption.
Singapore casinos brace for battle as VIP volumes fall
www.kinibiz.com
Singapore's two glitzy casinos are fighting for a shrinking pool of high rolling players as China's corruption crackdown and economic slowdown reduce the number of VIPs at their tables, and the battle is starting to turn ugly.
