🔥 Singapore Is Likely to Lift Casino Ban - WSJ

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Latest figures from the National Council on Problem Gambling (NCPG) show , people were under self-exclusion orders as of last month.


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Singapore will announce Monday if it will scrap its ban on casinos, a possibility that has sparked interest in the gambling industry.


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Self-Exclusion is a voluntary Programme restricting a person from entering the Casinos in Singapore and will be in effect for a minimum period of one (1) year.


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Latest figures from the National Council on Problem Gambling (NCPG) show , people were under self-exclusion orders as of last month.


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General Enquiries on Casino Exclusion. 1. WHY APPLY FOR CASINO EXCLUSION. Problem gambling is an addiction that could lead to.


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The national debate on whether Singapore should lift a long-standing ban on casinos became the major point of contention during Lee's first year as prime.


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More broadly, however, the casinos are part of a longstanding effort to reorient the economy in Singapore toward higher "value-added" service industries like tourism and biosciences as it loses manufacturing competitiveness to China. The hope is that introducing casinos will let Singapore fend off increasing competition for tourists from mainland China. China is one of the largest and fastest-growing sources of tourist arrivals in Singapore, but competition is mounting, particularly from Thailand. There is no shortage of investors willing to share in the new wager by Singapore. Harrah's, owner of Caesars, has enlisted the architect Daniel Libeskind, who designed the Freedom Tower that is to stand on the site of the World Trade Center in New York City, to design one of its proposed resorts. Despite its long and colorful history as a regional trading center, Singapore is short on conventional tourist sites like ancient temples or historic quarters. Prime Minister Lee Hsien Loong told Parliament that the cabinet had decided to lift the city-state's ban on casino gambling, ending a year of uncharacteristically vigorous public debate in a country that has been governed by the same party since Singapore plans to award licenses this year to build the two casinos. Economists said the casino was likely to bring direct, tangible results. The project would help the construction and tourism industries, it predicted, including shops and hotels. The government plans to have two separate casino resorts, one on an underused theme park island off the southern coast. International casino operators are eager to expand in Asia, where rising incomes are letting billions of people spend more than ever on wagering. The second resort will be near the main convention center, an area bristling with business hotels and near the distinctive Esplanade performing arts center that Singapore built in in an effort to become a cultural hub. Tourism accounts for at least 5 percent of the economy in Singapore, a number that economists say understates the importance of the industry to the part of its economy that is not involved with foreign trade. Singapore has succeeded in turning itself into a regional hub for air travel, but tourists are spending less time on average in Singapore, using it instead as a staging ground for forays around Southeast Asia. Harrah's is bidding to build both sites as part of a venture with a local government-controlled company, Keppel. Singapore business leaders praised the move to lift the ban.

Singapore said Monday that it would legalize casinos to allow the construction of two Las Vegas-style resorts, overruling public opposition in singapore lift casino ban effort to promote tourism.

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