Speculation that a third casino licence is imminent for Singapore is rife.

The government is apparently balancing the benefits of the income stream with the ability of the city state to support three casinos. But the huge revenues it is raking in from the two casinos already there – Las Vegas Sands’ Marina Bay Sands and Genting’s Resorts World Sentosa - may be too big a temptation.

The country rode out the recession well, thanks to its massive cash reserves and the Singapore dollar, which is currently at a high of around US$1.20.