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Private Company to Run Proposed Singapore Casino

21 April 2004

SINGAPORE – As reported by the Singapore Business Times: "A private company will probably run the casino that the government is mulling over on one of Singapore's southern islands - if the go-ahead for the casino is given.

'The casino ought to be run by a private operator,' Second Finance Minister Lim Hng Kiang told Parliament yesterday. Replying to Amy Khor (Hong Kah) during the debate on the Singapore Totalisator Board (Amendment) Bill, he said the Totalisator Board 'has no intention to expand its operations'.

"…If a private company is allowed to run the proposed casino, then Singapore will for the first time open its gaming industry to private investors.

"…Mr Lim did not say if the government would take a stake in any privately run casino…"

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