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Singapore Sacrifices low crime rate with multi-billion dollar Casino

The June 27, 2023, By Takato Sugihara

The casinos in Singapore have attracted over three million visitors, created thousands of jobs and have spurred an unprecedented growth in the building of hotels and amenities, among them restaurants and shopping malls. online casino news: Singapore Sacrifices low crime rate with multi-billion dollar Casino

Since the opening of the Resorts World Sentosa in February and Marina Bay Sands in April, the island has seen a rise in crime. Some offenders were fined or sent to prison, three European suspects have jumped bail and two Africans have been charged for cheating the casinos out of about S$140,000.

Called Asia’s most livable city, Singapore dropped its 45-year ban on casinos to help double tourism revenue by 2015 and shed what Prime Minister Lee Hsien Loong called an “unexciting” image. One of the world’s safest countries according to the U.S. Overseas Security Advisory Council, Singapore has prepared for a potential increase in loan sharking, pimping and fraud.

“Casinos mean money, money means temptation and temptation means there’s bound to be some sort of crime,” said Song Seng- Wun, an economist at CIMB Research Pte in Singapore. “Is it worth it in terms of its impact and contribution to the Singapore economy? Definitely.”

The $5.5 billion Marina Bay Sands, owned by billionaire Sheldon Adelson’s Las Vegas Sands Corp., hosts its grand opening today after unveiling the casino, some convention facilities, a mall and 963 of 2,560 hotel rooms on April 27. Genting Singapore Plc’s $4.7 billion Resorts World casino on Sentosa island, featuring a Universal Studios Inc. theme park, opened Feb. 14.



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