Monday, January 7, 2013

Singapore ups ante for casino firms with new rules, bigger fines

Singapore ups ante for casino firms with new rules, bigger fines

Fireworks explode over Marina Bay in front of the Marina Bay Sands casino and resort during a pyrotechnic show to welcome the new year in SingaporeSINGAPORE (Reuters) - In any casino, the odds favor the house. Using its house edge, Singapore is seeking to maximize economic profits and minimize social costs with tighter rules and tougher fines for two casino operators, along with new steps to curb problem gambling. The wealthy and regimented city-state has enjoyed a windfall of tourism, jobs and revenue since Las Vegas Sands Corp and Genting Singapore Plc opened casino complexes in 2010, in part by linking their licenses to how well they develop attractions that are not related to gambling. ...



Source: news.yahoo.com

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