Wednesday, May 19, 2010

It is just novelty factor at play and the IRs are not turning Singaporeans into gamblers

It is reported that Singapore's two casino operators have collected about $70 million in entry levies as of May 10. While it may be apparent that many of the casinos' patrons so far seem to be Singaporeans, and that more Singaporeans are becoming gamblers, Mr Iswaran responded that the "novelty factor" was at play and may not accurately reflect the situation one or two years down the road.

"The agencies are monitoring the situation closely, and once we have a better sense of the patterns and trends, then I think we'll know how the measures (against problem gambling) we've put in place are working,"

-- Minister of State (Trade and Industry) S Iswaran


We should see.

But on the other hand, at least we know the casinos are not gonna lose money, like what some western press predicted, because hey, we've got enough Singaporean gamblers to support them!

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