SINGAPORE WON’T BUILD MORE CASINOS FOR NOW

Singapore has “no plans”currently to offer additional casino licences when the moratorium on such licences expires in 2017, Senior Minister of State for Trade and Industry Lee Yi Shyan said on Monday.

The Government will instead focus on working with the two Integrated Resorts (IRs) to ensure their attractions and services continue to meet the needs of Singaporeans and enhance the country’s tourism appeal, he added in Parliament.

Singapore put in place a 10-year moratorium on new casino licenses in 2007, following the two awarded for Marina Bay and Sentosa.

The two casinos were granted exclusive rights in Singapore from 2007 to 2017, partly so that their operators – Las Vegas Sands and Genting Singapore – could get a head start in recouping their large investments.

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