Singapore On Top of its GamePublished May 4, 2009
Tips from the Strait Times to managing a casino gambling industry.
In an article titled "Right balance for casinos," the Strait Times of Singapore spelled out the delicate balancing act that the Singapore government will be required to pull off if it wishes to maintain a healthy and crime-free casino gambling industry.
In 2010, two casinos are planned to open: Marina Bay Sands and Resorts World. They will surely drive tax income to the country, but at what cost?
Keeping out criminal elements is a must, the Straits states quite obviously. It then adds that protecting the players is the other end of the stick.
The Casino Regulatory Authority revealed last month its hybrid approach: two arms to 1) keeping crime out, and 2) protecting Singaporeans from gambling beyond their means. "The challenge before us is to balance the competing imperatives," said Home Affairs Minister Wong Kan Seng.
This policy follows the US and Australian models. Even though Singapore lacks the experience these two countries have, it seems that it has the challenge covered with best intentions and clarity.