Sunday, April 17, 2005

Money is important

Taken from here.
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NTUC chief says casino debate is about creating jobs

By Asha Popatlal, Channel NewsAsia

SINGAPORE : NTUC's Secretary-General Lim Boon Heng said the big casino debate was really about jobs.

He estimates that up to 10,000 jobs could be created if Singapore builds two casinos - one at Marina and the other at Sentosa

There will also be several thousand more jobs created in hotels and shops around the island.

Mr Lim, who was speaking to reporters at a union event, said he personally would rather not have a casino, but it is an option that has to be considered.

As a tourist destination, Singapore has been losing some of its shine.

In order to revitalise this mainstay of the economy, it is hoped that an integrated resort with Disney-like facilities and a casino could help bring in more tourists.

Mr Lim even brought up the possibility of two casinos - one at Marina and another at Sentosa.

These could then pump up the jobs - not just at the resort - but provide work in related areas for taxi drivers, restaurant owners and hotel workers.

Mr Lim said: "So, the debate should be about job creation for Singaporeans. The problem is - can we do all this without the casino? That is the issue.

"Those who want to develop this facility say they will invest big money if they are given the casino licence, so we have to weigh that factor carefully."

Mr Lim said experience had shown that several theme park operators have tried and failed, without a casino, to bring in the cash.

Even at sprawling Downtown East where Mr Lim was speaking, it is not the games but jackpot machines that are a financial lifeline for the club.

So important are the earnings in the small jackpot room for the running of the club that were it not for these machines, the NTUC Club would have to be subsidised by up to $1 million from other sources.

Mr Lim said: "I do not like gambling. I wish we do not have to have a casino, but if we can only revitalise our tourism and hospitality sector then maybe it is a price we have to consider."

The government will announce its decision on Monday. - CNA/de

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(emphasis my own)

I don't know what it translates into for you, but to me it does say "money is a higher priority as compared to possibly our country's morals"

At this rate, we probably know the decision already.

It is true, nations around generally legislate downward, never the other way around.

3 comments:

Chin Cher said...

Time to cast your vote elsewhere.

Anonymous said...

Well it will create jobs. We'll need more policemen and prison wardens to cope with the expected increase in crime

Anonymous said...

of course the downtown east games not making money lah!!! so bloody expensive who would want to pay so much to play those games lor.

they just had a facelift which is not cheap. wonder y they bother to do tat since its not making money or rather how they gonna pay for it??? makes u think about their management. 1 rm cost around then $200 a nite, with more then 20 blks they not making money. makes u think even more about the managment. (disclaimer: i m not against ntuc)

back to the main topic, i agree with the ntuc sec-gen, it would cause more jobs. y??? cause ppl would lose their jobs thus creating more lah!!! its a vicious cycle... to add onto jeremiah's pt, the construction industry would also be better. building prisons.(in addition to the casinos n hotels lah)