Integrated resorts in Singapore
During a parliament session on 18 April 2005, Lee Hsien Loong, the prime minister of Singapore, announced the cabinet's decision to develop two casinos and associated hotels and malls in Marina South and Sentosa.
The government claims the aim of the project is to boost Singapore's tourism industry which has been facing intense competition from other destinations around the region, particularly from nearby Bangkok and Hong Kong, which has since also considered legalization of casinos in the wake of initiatives in Singapore. Even closer to home, Malaysia has long had a legal casino cum theme park on Genting Highlands, which proved popular with Singaporean tourists. The IRs in Singapore are expected to create about 35,000 jobs directly and indirectly. In addition to the casinos, the IRs will have other amenities including hotels, restaurants, shopping and convention centers, theaters, museums and theme parks. The industry is expected to invest S$5 billion (Singapore dollars) in integrated resorts.Four groups submit proposals for Singapore integrated resort (CNA, 29 Mar 06)
Singapore gives nod to two casinos (CNA, 18 Apr 05)
Proposal to develop Integrated Resorts (CNA, Ministerial Statement by PM Lee, 18 Apr 05)
An Integrated Resort-Casino for Singapore: Assessing the Economic Impact (IPS Forum, AP Winston Koh, 17 Nov 04)
Singapore Integrated Resorts