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Singaporeans should leave gambling to foreigners, Prime Minister Lee Hsien Loong has said in a speech shortly after visiting the city-state's two new integrated resort casinos. Lee, who made the speech in Mandarin, said he noticed that many locals were visiting the casinos and trying their hand at the tables. "One local even came up to me and shook my hand, saying, 'I am your constituent,' I hope you'll bring me good luck," Lee said, adding that he hoped Singaporeans were only trying to seek a little excitement through such visits and would not forget their day jobs. "The prudent thing to do is to leave the punting games and slot machines to foreign tourists," he said. "That is the only sure-win policy for us, because whether they win or lose, they will generate gambling taxes... which Singaporeans can share in." Lee also noted in the speech that the integrated resorts have already brought huge economic benefits to the country through the creation of more than 20,000 jobs. Singapore's two casinos both opened in 2010 amid widespread publicity. First, Genting's Resort World Sentosa opened its doors in February on the island of Sentosa, off the city's southern coast. Then, the Marina Bay Sands, built by the Las Vegas Sands company, opened in June after a preview opening in April. The Marina Bay Sands broke the record for most valuable casino property at US$5.7 billion, ahead of Sentosa, which is worth US$4.9 billion.
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Some 82 percent of Singapore locals will continue to visit the two integrated resort casinos, despite attempt to discourage them from gambling. The government stopped the shuttle bus service to the Marina Bay Sands and to Resorts World Sentosa early in September. But in a poll taken by the website of the Singapore Straits Times newspaper, 82 percent of 202 respondents answered "yes" to the question: "Would you still visit the two integrated resorts even though they have stopped providing the shuttle bus services." More than one million people have visited the two casinos since their high-profile openings earlier this year. But the government has made no secret of the fact it would prefer the gambling to be left to foreign visitors, with Prime Minister Lee Hsien Loong saying as much in a speech made shortly after visiting the two casinos at the end of August. "The prudent thing to do is to leave the punting games and slot machines to foreign tourists," he said. "That is the only sure-win policy for us, because whether they win or lose, they will generate gambling taxes... which Singaporeans can share in."
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Christmas is the perfect time of year to search for some of the biggest and most rewarding online casino promotions. Many casinos, such as Red Flush Casino, offer particularly good deals during the festive season. Red Flush Casino, one of the relatively new but highly regarded Microgaming powered casinos, will imminently launch its Seasons Winnings Tournament. Almost every day there is a new bonus according to their Advent Calendar of events. Should you find yourself at the top of the leaderboard, you will face the difficult task of choosing your prize from a pool of $50,000 worth of festive goodies! You will have the choice between a Harley Davidson, a sea-doo jet ski, his and hers Tag Heuer watches, and an all-expenses paid trip to either Las Vegas or Monte Carlo. There are also runner up prizes of iPads and iPhones. Among Red Flush Casino's massive selection of 450 games, you will find the Ho Ho Ho video slot which will also help put you in the Christmas spirit with its puddings, reindeers, Christmas trees and cookies. This is a 5 reel and 15 payline video slot with the potential to payout 15,000 coins - a rather welcome Christmas present! Whilst Red Flush is very welcoming of Singaporean players, all casino credits will be calculated in US dollars.
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Singapore is set to become the Asia-Pacific region's second-biggest market for casinos by the end of 2011, according to a new report by PricewaterhouseCoopers. Macau and Singapore The report, entitled "Play to Win," forecasts that Singapore's casino revenue will grow to US$5.5 billion next year, up from US$2.8 billion this year. That would see it overtake Australia and South Korea to sit in second place in the region, behind only Macau, whose casino industry will be worth an estimated US$28.4 billion by next year. Macau and Singapore will remain in first and second places by the year 2014, with projected revenues of US$45 billion and US$8.3 billion respectively. The projections show the massive gains the local casino industry has made less than a year since Singapore's first two casinos opened their doors. Resorts World Sentosa opened in February 2010, followed by the Marina Bay Sands a couple of months after. PwC's report was also positive about Asia in general, predicting that Asia's gambling industry (when Australia is included) will account for almost the same percentage of the world market at the United States by 2014.
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