Quite amazing I think. It was also reported that Singaporeans have become the No. 2 biggest gamblers in the world[Link] after the casinos were build. Remember that George Yeo was the Minister of Trade and Industry when the decision to build the casinos was raised in parliament.
"Mr Yeo, as then-Trade and Industry Minister, first broached the casino idea in Parliament during the Budget debate last year" - Straits Times, 15 April 2005[Link]
Regular readers of this blog know how strongly I oppose the casinos and the negative impact it has on our society. If George Yeo runs for president, you should not forget his role in bringing the casinos to Singapore - putting money above the values of our society.
Singapore to take No. 2 gambling spot from Vegas
Associated Press, 06.07.11, 04:44 AM EDT
MACAU -- Gambling industry executives say Singapore is set to overtake Las Vegas to become the world's second-biggest casino market as early as this year.
Frank Fahrenkopf, president of the American Gaming Association, said Singapore raked in $5.1 billion in gaming revenue last year and could bring in up to $6.4 billion this year. The city-state opened its first two casinos last year.
Las Vegas earned $5.8 billion in casino revenue last year, but is a mature market with little potential for big growth.
Fahrenkopf made the prediction Tuesday at the start of a gambling industry conference in Macau.
He said "it's going to be an extremely good year here and in Macau," where annual revenue will grow 25 to 50 percent this year.