Singapore likely to go ahead with casino to boost tourism
Asian Economic News, April 18, 2005
And a government green light for a casino in Singapore would be sweet news to the world's top casino operators, who are vying to build casinos across Asia.
The Singapore Tourism Board has received about 19 proposals, including from gambling moguls in Las Vegas, to build Singapore's first integrated resort with casino.
They include the U.S. gaming giant Harrah's Entertainment, which operates 28 casinos in 12 states across the United States, MGM Mirage, which has four casinos in the Las Vegas strip, and Wynn Resort.
Among others are Kerzner International, known for its Atlantis casino resort in the Bahamas, which has promised to build a completely novel resort if its plan is selected, and Malaysia's sole casino operator Genting Bhd., which has already roped in as its partner Universal Studios, which runs theme parks in the United States and Japan.
Singapore allows lotteries and betting on horse races but has repeatedly rejected suggestions for a casino.
A recent government survey showed 58 percent of people in the Chinese-dominated city-state gamble, but only 2.1 percent of people were vulnerable to gambling addiction.
The government has said it would restrict access to the proposed casino, and set up social services to prevent addiction.
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