Sunday, April 24, 2005

Newsweek reports on the Casino Decision, says that others will follow

This is yet another indication that the Singapore Government made the right decision, at the right time, for the right reasons, with their hearts in the right place.

... With personal incomes soaring and budget airlines crisscrossing Asian skies for the first time, sightseers are pouring out of China and India like never before. Singapore is geographically well positioned to draw visitors from both. "Much depends on the bundle [of new attractions] offered," says Rajeev Malik, Southeast Asia economist at JPMorgan in Singapore. "But you can trust the government that whatever they do here will be grand." ...

... Little wonder Hong Kong (along with Japan and Thailand) is mulling legalized casino gambling. "I'm actually disappointed that Singapore has moved much quicker than Hong Kong in approving casinos," said Liberal Party legislator Howard Young in a radio address last week. It's a safe bet that others could soon follow.

[Source: George Wehrfritz and Sonia Kolesnikov-Jessop, Newsweek International, May 2 Issue]