To all proponants of legalised casino, good news to you people, as was expected.
(Taken off report from Yahoo Singapore, CNA)
As of Monday April 18, 4:17 PM
"Singapore says 'yes' to two integrated resorts with casinos"
SINGAPORE : Prime Minister Lee Hsien Loong has said Singapore will go ahead with plans for two integrated resorts with casinos.
One will be built at Marina Bayfront, and the other at Sentosa.
Speaking in Parliament, Mr Lee said that when the idea was first mooted, he was personally against one.
But the environment has changed, particularly in the tourism industry.
While Singapore's tourism numbers have been increasing, market share has been falling.
He said realising the ideas to make Singapore a place that has 'buzz' is not so easy and that Singapore cannot stand still.
Singapore cannot afford to lose out in the tourism game as many jobs are at stake, even Singapore's position as an airhub.
Many cities around the world are reinventing themselves, including New York, London and Paris and Singapore cannot to stay still, he said.
The third point he wanted to make was that the casinos will be in integrated resorts, and a small but essential part of the project which makes it feasible.
And because of this, there is no need to have government grants for the resorts, he said. - CNA /ct