Summary:

Online Gaming Set to Take Off in Singapore: Singapore’s market for Internet-based gaming is set to reach $9.2 million by 2005, from just $1.…

Online Gaming Set to Take Off in Singapore: Singapore’s market for Internet-based gaming is set to reach $9.2 million by 2005, from just $1.02 million last year, according to a Frost & Sullivan study. The online gaming sector is expected to grow 73.3 per cent a year during the period.

One local firm, Nexon Asia has signed up about 50,000 local subscribers; it grosses US$25,000 per month in revenue on average. Players pay about $15 to play a single game for a month. Another local developer is Gime International, which launched its first MMOG game in December 2001. Players pay a monthly subscription of $20, and it has about 5,000 paying subscribers.

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