S'POREAN PUNTERS LOST MORE THAN $2.7 BILLION TO GAMBLING IN 2016?

I refer to the article “The biggest losers” (The Economist, Mar 18).

S’poreans are the 2nd biggest gambling losers in the world?

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It states that “This is no anomaly. Australia fritters away more money per person gambling than any other country. According to H2 Gambling Capital, a consultancy, the average adult lost $990 in 2016; 49% more than Singaporeans, the next-biggest losers.”

Average adult Singaporean lost $930?

Does this mean that the average adult Singaporean lost about S$930 (US$990 divided by 1.49 x 1.4)?

Lost $2.7b in a year?

Since the adult population was about 2.9 million in 2016 – does it mean that we lost about $2.7 billion ($930 x 2.9 million) in a year?

Leong Sze Hian

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