Integrated Resorts add $3.7B to economy

Integrated Resorts contributed largely to last year's tourism boom that brought S$7.9 billion in valued-added in the first nine months of 2010.

According to the Ministry of Trade and Industry, about half of this amount or S$3.7 billion in value-added came from tourists who traveled to Singapore specifically because of the two IRs. This amounts to 1.7 per cent of nominal gross domestic product – GDP that is not adjusted for inflation.

This puts the IRs well on track to meet the S$5.4 billion target by 2015.

Tourist spending at the IRs also created some 30,300 jobs in the first three quarters of last year, about a quarter of the 111,500 new jobs generated by overall tourist spending in the same period.