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 Outrageous new edicts for Singapore's casinos

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Outrageous new edicts for Singapore's casinos Vide
PostSubject: Outrageous new edicts for Singapore's casinos   Outrageous new edicts for Singapore's casinos Icon_minitimeWed Jan 09, 2013 4:12 am
In any casino, the odds favour the house. Using its house edge, Singapore is seeking to maximise economic profits and minimise social costs with tighter rules and tougher fines for two casino operators, along with new steps to curb problem gambling.

Outrageous new edicts for Singapore's casinos Singaporelasvegassands5



The wealthy and regimented city-state has enjoyed a windfall of tourism, jobs and revenue since Las Vegas Sands and Genting Singapore opened casino complexes in 2010, in part by linking their licences to how well they develop attractions that are not related to gambling.

Under that mandate, the two operators have added theme parks, museums, theatres and high-end hotels, boutiques and restaurants to Singapore's landscape as the Asian business hub recasts itself as a global city and oasis for the rich.

Amendments to the Casino Control Act cleared parliament late last year and now await formal passage into law, giving the operators of Marina Bay Sands and Resorts World Sentosa little choice but to adapt to the new rules - including fines of up to 10 per cent of gaming revenue - and the costs of compliance.

Read more: http://www.smh.com.au/travel/travel-news/tough-new-rules-for-singapores-casinos-20130109-2cfrk.html#ixzz2HT4Q5KYo

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