Singapore Casino :: essays research papers

Casino gambling has been legalised in Singapore. Give economic stemmas for and against legalisation. in that location has been much debate in Singapore both amongst the politicians, religious leaders, older people in the community, and the lay people at large. It is a heated up topic. But, the decision has finally been made, the casino go forth be built.There are many arguments both for and against building a casino. The government, which is for, cites the economic advantages and everyone who is against cites the social meeting the casino will have.Arguments FOR the casinoThe governments main argument for the casino is increased revenue leading to a boost in the economy. Currently, Singapores revenue comes from high tech electronics manufacturing, pharmaceuticals and finance. These industries are outset to slow. According to Reuters Singapore employment in the manufacturing sector has dropped 9% since 1990. In 2004, 14 per 1,000 were laid off in the manufacturing sector and 8. 5 per 1,000 in the work sector.The governments alternative has been to reverse a 4 cristal ban on casinos to help the Singapore economy.The volume of the focus in the long term is from tourism and the flow on effects of tourism such as hospitality, food, retail, taxi, conventions and aviation. The government fears that a still decline in tourism is already happening. The Prime Minister in his ministerial statement on April 18 2005 saidFirst, we are losing fuse in tourism. Tourism in Asia is growing phenomenally, especially the traffic from mainland China and India. Singapores tourist numbers are up too, besides we see warning signs of problems ahead. Our market share is declining (from 8% in the Asia peaceful region in 1998 to 6% in 2002). Tourists are devolveing little time in Singapore. They used to stay an average of about 4 days in 1991, but now they stay only for 3 days. In contrast, on average, they are staying for about 4 days in Hong Kong, 5 days in London and almo st a week in New York City. We are losing attractiveness as a tourist destination. In 2004, Singapore earned US$6 billion from 8.3 million tourists. Tourism currently accounts for 3% of Singapores GDP, it inescapably to be at 7% if it is to be a real increment driver. By 2015, Singapore is aiming at 17 million tourists which alone will bring in US$18 billion. It is predicted that by 2010, Asians will spend $23 billion on gambling, and Singapore wants it share.