Ten countries including the United States, China, Japan and Britain racked up bigger gambling losses, with the US coming up tops at US$119 billion (S$151.1 billion).Įxplaining why Singapore ranked second for gambling losses per resident adult, H2’s founder Simon Holliday cited the highly legalised and regulated industry here as a factor, in addition to the relatively high propensity to gamble and easy access to most forms of gambling. Total gambling losses incurred by Singapore, which include losses by tourists and other visitors here, amounted to S$9.9 billion. Last year’s numbers were published on news magazine The Economist’s website on Monday and showed Singapore ranking second behind Australia in terms of gambling losses per adult resident. The average adult resident in the Republic lost €680 (S$1,189) last year, down from €822 (worth S$1,451 at the time) in 2010, according to H2 Gambling Capital.Īlmost half the amount last year was lost in casinos, with the remainder going to lotteries, non-casino gaming machines, betting and offshore gaming websites. SINGAPORE - Singaporeans are still the second-biggest gamblers in the world, but the latest statistics from a British gambling consultancy indicate that losses incurred per adult resident here have fallen from three years ago.
