Singapore nets casino windfall
January 12, 2011 by AFP
Filed under Hospitality, News, Southeast Asia
SINGAPORE, 12 January 2011 – Singapore’s two casino resorts have netted the government a multimillion-dollar windfall despite thousands of visitors being barred in a bid to fight problem gambling, officials said Tuesday.
Second Minister for Finance Lim Hwee Hua said the Resorts World Sentosa and Marina Bay Sands casinos had dented the revenues of local gaming industry, which included lotteries and horse and sports betting.
She told parliament that the government earned revenues totalling Sg$420 million (US$324 million) from the two casino-powered so called “integrated resorts (IRs)” from April to November.
