Tuesday, October 13, 2009

Tightening Grip on Casinos

Similar to Macau & other world renounced destinations with casinos, the local governments have attracted many foreign investments which in turn have created many jobs openings for their local residents & also higher growth in their tourism industries; Singapore is also following suit aiming to share a slice of that big pie.

Without doubt, countries revenues surely will rocket. Everyone welcomes the benefits generated in term of economic growth but definitely I am sure, many will foresee the vices it will also bring about. Gambling addictions, prostitutions, cheatings, thefts & bulgaries, kidnappings & embezzlement cases, just to name a few here.

I applaud the news that Macau, the former Portuguese enclave is considering rules, to be drafted in two to three months, that might impose limits on table numbers and raise age limits for casinos.

According to Macau state-run Chinese media and grass-roots organizations,breakneck expansion has fostered social ills from corruption to prostitution. Beijing, worried about addiction, periodically tries to limit the flow of its tourists. It had imposed rules last year limiting citizens travelling from Guangdong province to Macau to two trips a year.

While China has opened doors to the world, I am glad they are still mindful of the values they have so endeared & preserved.

So I hope while Singapore is pursuing her dream of becoming a world-class nation, must at the same time not forget how to balance her social & economic scale.
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