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Singapore Casino Could Hit Jackpot

31 March 2004

SINGAPORE – As reported by the Business Times: "A casino opening here could trigger an annual jackpot of anything from US$235 million to US$335 million in spin-offs for the operators alone - as well as help create up to 1,000 jobs. This is based on the US experience.

"The possibility of Singapore having a casino was broached early this month by Trade and Industry Minister George Yeo.

"Since then, the project - to be located at Sentosa - has been the focus of much industry interest, especially within the leisure and gaming industry.

"All agree that it is a big business here although many differ on how big it is.

"…The spillover effects on other sectors like hotels and hospitality are also considerable.

"…In Singapore, the size of the overall gambling-related sector is significant…"

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