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Singapore Leader Changes Stance on Casinos

2 December 2004

SINGAPORE – As reported by the Channel News Asia: "It was a policy he was once dead set against.

"But with a globalised world, Minister Mentor Lee Kuan Yew feels the decision on having a casino is something for the new generation of leaders to look at.

"He made this point on Thursday in a wide-ranging question-and-answer session at the CEO Dialogue in Bangkok.

"…Singaporeans spend an estimated billion dollars annually on gambling. If Singapore had a casino, this could go up to two to three billion dollars.

"So the question is - leave the situation as it is or bring a casino within Singapore shores, but deal with the societal problems it may cause?

"Mr Lee said he was once dead set against it.

"…But the world has changed. Increasingly, people can easily fly to gambling centres just a few hour's flight away.

"Mr Lee said: 'I believe the Chinese are congenital is a game of chance. If you believe putting in an extra dollar or even a million can garner you a windfall, I say god bless.'…"

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