Singapore and Neighboring Countries Enjoy Benefits of Casino Culture

Singapore and Neighboring Countries Enjoy Benefits of Casino Culture

Singapore and Neighboring Countries Enjoy Benefits of Casino Culture

📅27 January 2014, 13:50

The numbers don’t lie, Singapore enjoyed some serious revenue increases following the erection of Marina Bay Sands and Sentosa casino resorts in 2010. Tourism revenue doubled to $18 billion shortly after and visitor arrivals increase a full 50%.

Following the good news, Taiwan could be toying with the idea of legalizing gambling institutions to draw in some extra revenue. In similar news, Japan’s commitment to tripling tourism in the next 20 years could lead to the government giving leniency to property developers looking to open gaming venues on the island nation. It is already estimated that yearly gaming revenue in Japan could reach $15 billion.

While it is easy to focus on the what of how Singapore has come to enjoy such success in its gambling endeavors, the why is equally important. Actively taking extra steps to dampen the impact casino properties tend to levy on local demographics, Singapore instates a stiff $80 casino entrance fee for locals, while foreigners are free to enter sans the door charge. While loan-sharking, addiction, an ill-effects bleeding into family life are real consequences of organized gambling, steps have even been taken to alleviate such problems by barring individuals on welfare, the unemployed, and those who have filed for bankruptcy protection.

Countries around the pacific are touting casino development as a beneficial and lucrative enterprise, by creating jobs, steady flow of revenue and taxable services. However, the projects will only continue to succeed with diligent precaution and management.