08 Mar '11, 9pm

Should fruits of gambling do some good?

In 2009, before the casinos opened, the Government Budget forecast betting revenues of S$1.86 billion. That amount was about 5.5 per cent of operating revenue of S$33.43 billion, a nice contribution from the gaming industry in a difficult economic environment. Since then, the integrated resorts (IRs) have opened with a roar and the results have exceeded expectations. In the fourth quarter of last year, Marina Bay Sands earned S$391 million on S$717 million of revenue and Resorts World Sentosa earned S$389 million on S$775 million of revenue. Simply extrapolate that for a full year - not even counting the ongoing expansion of the IRs or the potential for VIP junkets - and revenue would reach nearly S$6 billion while profits would be over S$3 billion per year. Brokerage firm CLSA told Today that it forecasts revenue at S$8.1 billion next year. With revenue growing so fast, o...

Full article: http://www.todayonline.com/Singapore/EDC110309-0000139/Sh...

Tweets

DTN Singapore: More safeguards to be introduced...

channelnewsasia.com 12 Mar '11, 10am

SINGAPORE: Community Development, Youth and Sports Minister Vivian Balakrishnan has assured Singaporeans that more safegua...

gay boy with a gambling problem

singapore.craigslist.com.sg 27 Feb '11, 7am

28yo well endowed 7plus inches tool here. Seeking for guys to bring me to casino And in return, you can use my well endowe...

ST Poll: Not enough done staving off problem ga...

straitstimes.com 05 Mar '11, 9am

Seventy-five per cent out of the 99 respondents, indicated 'no' to the query. -- ST PHOTO: TERENCE TAN A MAJORITY of the r...

Is India A Good Place For Tech Entrepreneurs?

Is India A Good Place For Tech Entrepreneurs?

youngupstarts.com 10 Mar '11, 1am

Technology in India is one of the most lucrative sectors, now and in the future. Without a doubt, India is home to a lot o...

PAP has a good team for elections: PM Lee: THE People's Action Party has assembled a good team for the coming Ge...

PAP has a good team for elections: PM Lee: THE ...

straitstimes.com 05 Mar '11, 12pm

PM Lee Hsien Loong carries a baby during visit to a food centre at Hougang Green. (Right and second right) Yeo Guat Kwang ...

A lack of sleep leads people to make 'overly op...

straitstimes.com 09 Mar '11, 12am

WASHINGTON - WHEN people do not get enough sleep, they tend to make overly optimistic decisions and may be more prone to r...

【シンガポール世論調査】政府のギャンブル対策は不十分と考える人が75%。国内2カジノへの入場差...

straitstimes.com 05 Mar '11, 10pm

Seventy-five per cent out of the 99 respondents, indicated 'no' to the query. -- ST PHOTO: TERENCE TAN A MAJORITY of the r...

All the good signs:

The economy grew by a record 15.7%. What a miraculous number and what an exceptional govt to achieve such a high rate of g...

[CNA] GE: "Good if all 27 electoral constituenc...

channelnewsasia.com 05 Mar '11, 12pm

SINGAPORE: Prime Minister Lee Hsien Loong has said that it will be good if all 27 electoral constituencies are contested i...

GE: PAP has 'a good team'

GE: PAP has 'a good team'

channelnewsasia.com 05 Mar '11, 6am

SINGAPORE: Prime Minister Lee Hsien Loong said the People's Action Party has a good team for the coming General Election. ...

Bad news for Barca, good news for Arsenal: by A...

todayonline.com 06 Mar '11, 10pm

BARCELONA - Barcelona captain Carles Puyol will miss the return leg of the Champions League round of 16 clash against Arse...

Understanding Bonds: Are Rising Bond Yields Goo...

fundsupermart.com 05 Mar '11, 7am

iFAST and/or its licensed financial adviser representatives may own or have positions in the funds of any of the asset man...