Tag: Casino Fever Asia
Casino Fever in Asia
January 27, 2014
New York Times – Singapore’s tourism receipts doubled to $18 billion within two years of opening the Marina Bay Sands and Sentosa casino resorts in 2010, and visitor arrivals jumped nearly 50 percent. Lured by Singapore’s success, the Taiwan Legislature could soon allow the opening of casinos. And Japan, with an official goal of tripling the number of foreign tourists in 20 years, is considering building casinos. Analysts believe that gambling in Japan could generate gross revenue of $15 billion annually. But these countries should also pay attention to another aspect of Singapore’s experience apart from revenue. Singapore has gone…