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Casinos Give a Thrust to Tourism in Singapore

by Savitha.C.Muppala on August 30, 2010 at 10:42 PM Lifestyle News

Casinos in Singapore are a major attraction to tourists and analysis has revealed that the number of arrivals in a single month has exceeded the one million mark in July.

Casinos Give a Thrust to Tourism in Singapore

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Six months after opening its first casino in February, followed by the second in April, Singapore is already counting its winnings despite lingering concern about gambling-linked social problems among the local population.

"Let there be no mistake about it, the legalisation of casino gaming in Singapore was always intended to be a part of an enhanced tourism strategy for the country," said Jonathan Galaviz, a Las Vegas-based expert on Asian gaming.

"The development of multi-billion dollar integrated resorts in Singapore is clearly paying off for the country, and they will continue to do so for at least the next decade," said the managing director of Galaviz & Company.

DBS Group, Southeast Asia's biggest bank, said the casino resorts are expected to contribute about 1.5 billion US dollars to the economy this year.

Church and civic groups had opposed the legalisation of casinos but the government went ahead in 2005 and allowed US-based Las Vegas Sands and Malaysia's Genting group to build two complexes at a combined cost of 10 billion dollars.

As a safeguard, the casinos were told to charge an entry fee equivalent to 74 dollars from Singaporean citizens and permanent residents, and a campaign against "problem gambling" was launched by the government.

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Casinos Give a Thrust to Tourism in Singapore

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