Casino in Singapore will be ready in a few years time ,will you visit Singapore?
Favorite Answer
The government determines the payout percentage for Slots, or Fruit Machines as their called in Singapore, so the gambler knows he will have the same advantage anywhere.
There will be a loss to many of the Private Clubs that depended on the Slot’s for much of their operating costs. There was a tremendous squeeze in the 87 financial crisis when the number of players dropped substantially.
There will be a tremendous benefit to the Government if the Development Charge of 50% of Final Value is applied. That alone would be Billions of dollars.
Imagine 7% of the daily revenue of the IR’s let alone the Casinos! There will be other tax revenues as well so financially the government will benefit.