Friday, July 3, 2009

About the Casino being built

Hey,
Indeed, this casino is expected to bring some social problems to Singapore. However, if you look at the whole picture, this is a really good way to make money from foreigners and create job oppurtunities for unemployed Singaporeans, something we need during this recession. Furthermore, the Singapore government has done its part to try an reduce the number of compulsive gamblers that are Singaporeans.
Firstly, we being such a small country with not much pulling power due to the lack of beautiful sights such as mountains and waterfalls, building this casino seems like the only method to attract foreigners. After all, if we do not do so, we would definitely be losing out to the numerous countries that have casinos in terms of revenue, such as Malaysia, Macau etc, as these foreigners who enjoy gambling (it is unfair to say that they are compulsive gamblers as there is no evidence) would flock to other countries, leaving us wondering what we have done wrong. This seems like the last resort by the government as if you look back, you realise that Lee Kuan Yew had always firmly rejected ideas to build casinos in Singapore, fearing the worst.
Secondly, building a casino here not only creates more revenue for Singapore, it also creates job oppurtunities for Singaporeans. Now, isn't that just great? In view of the current financial state and the astonishing number of people being retrenched, this is a great move by the Singapore government to create a huge number of jobs at one go. If you were out of a job for a while and in desperate need to have income, wouldn't you embrace this oppurtunity with both hands? Think about that.
Lastly, the Singapore government has put in place some measures to dissuade Singaporeans from getting addicted to gambling. They have set up counselling centres and hotlines for people with gambling addictions to seek help from if they find themselves needing professional advice to quit cold turkey. Furthermore, the casino has allowed family members to block their loved ones from entering the casino. The government is also pondering over putting in place an exorbitant entrance fee of $100 per entry or $2,000 every year.
Therefore, if you look at the measures the Singapore government has taken, you have to give them a pat on the back and admit that this move might most likely be for Singapore's own good. However, it remains to be seen whether the measures put in place is effective in preventing Singaporeans from getting addicted to gambling. So, for now, I am for this idea of building a casino.
Thanks for reading,
Jeremy

2 comments:

  1. Are you sure that allowing the IR will be a very good idea? Are you sure that there will be economic benefits? I don't really think that way. Don't you think Singapore has started too late to make any real progress? How many world famous casinos are out there already? Unless we really want to be known as a casino resort, like Macau, with which the casino immediately comes to mind when mentioned, the IR we build here is not going to be the very special thing that will bring in lots and lots of revenue.

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  2. Hi Jeremy and Elvis,

    Below is a link which encapsulates both your arguments:

    http://app.mti.gov.sg/default.asp?id=606

    Do take the time to read some speeches (you do not have to read all), and see if you can further substantiate your arguments!

    Ms Yeo :)

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