Integrated Resorts: Two Sides of a Coin

2345 Words Jan 30th, 2011 10 Pages
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Integrated Resorts: Two Sides of a Coin
Concerns over the social costs aside, the Integrated Resorts will certainly benefit Singapore, economics professor Winston Koh tells Challenge. - By Susan Tsang

Since the government first mooted the idea of Integrated Resorts (IRs) in Singapore, the topic has generated heated discussion, with those opposed fearing the social costs while others were keen to have theme parks and casinos within a convenient distance.
Now that Resorts World Sentosa (RWS) has opened, with Marina Bay Sands Resort due to
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There is also a growth in affluence, especially in Asia.
“The question is, will we maintain our market share? If it’s yes, then we will see growth in the industry here,” he says.
“The most positive scenario is we manage to take away market share from other places, but that will be tough. On the other hand, if we have more places in the region opening casinos, this may create a clustering effect, pulling people into the region.”
In any case, Singapore has a lead as a pioneer.
“If other places open and we don’t, then we are playing catch-up. Now, we have several years of first-mover advantage.”
(Cited http://challengedev.dbmojo.com/2010/05/integrated-resorts-two-sides-of-a-coin/,
20th September 2010)

Integrated Resorts: Two Sides of a Coin

This is an article I took from the Challenge website. Challenge is the magazine of the Singapore Public Service. Since its inception in 1995, it has grown from a humble newsletter to a feature-packed bimonthly magazine.

This article is about one of the most anticipated and talked about new developments in Singapore since its approval in 2005 by Prime Minister Lee Hsien Loong - The idea of “Integrated Resorts” (IR)
Lifting a 40-year-old ban on gambling, Prime Minister Lee Hsien Loong announced the country’s decision to allow operation of not one, but two new casinos. The policy overturned the strict anti-gambling rules put in place