Singapore resorts a gaming windfall for the government
Singapore’s government achieved revenues of S$420 million (US$326 million) from the two ‘integrated resorts’ and casinos at Resorts World Sentosa and Marina Bay Sands from April to November 2010. The popularity of the new resorts has also diminished takings for other local gambling sectors including horse/sports betting and lotteries, according to Second Minister for Finance Lim Hwee Hua.
The two resorts have been a bonanza not only for the government but also for Singapore’s image and tourism figures, which reached record numbers in 2010. The government is keen to avoid being associated with the negative social impact of problem gambling: 31,000 of Singapore’s 5 million residents have been banned from entering the casinos. This includes 27,500 undischarged bankrupts, anyone who receives government financial assistance, and 3,500 who had themselves barred voluntarily or upon request by their families.
source & article: AFP via the Sydney Morning Herald
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