SINGAPORE : Singapore is a matured society and is ready to
accept the setting up of a casino here, says Senior Minister of
State for Trade and Industry Vivian Balakrishnan.
But Dr Vivian warns that except for the casino owner and the
government, everyone else will lose money in the long run.
Singapore stands to gain $1.3 billion in duties a year if gaming is
legalised.
But the government says the debate should not be on trying to
balance money and values. Rather, it should focus on whether
Singapore is a matured society.
Dr Vivian said: "Personally, I think Singaporeans are ready and
will have to be ready in the future. If not now, then later. But to
me, the direction in which our society is progressing is
irreversible."
But Dr Vivian warns that gambling is not a means of earning money
or making a living. Instead, it should be viewed as a form of
entertainment.
The government will begin talks with potential investors over the
next few weeks.
It will first view their concept plans before requesting for
proposals.
But the government says the proposals must achieve sufficient
economic benefits, otherwise it is still quite happy to walk
away.
The government has also set aside $2 billion to develop tourism
infrastructure and products over the next 10 years. - CNA