“iFly Singapore” is just one of 20 gated attractions on Sentosa Island, not counting Resorts World Sentosa, which is home to Universal Studios Singapore, one of the world’s largest aquariums, and a casino with an annual TURNOVER of more than S$2 billion (US$1.5 billion). This tiny island off the south coast of Singapore—connected by a causeway, cable car, monorail, and travelator—has undergone a huge transformation in recent years. Once a quiet place to play volleyball or Frisbee on the beach, Sentosa now generates more than S$3.4 billion (US$2.5 billion) a year for the Singapore economy. Take out the gambling, and Sentosa still has an annual GDP of S$1.25 billion (US$889 million), up from just S$250 million (US$185 million) eight years ago.
Most of this island’s GDP is generated by Sentosa’s tenants, which number in the hundreds. The Sentosa Development Corporation (SDC) is a nonprofit government statutory board, and has an annual REVENUE topping S$200 million (US$147 million), up 60 percent over the past six years.
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