Analysts Wonder If Singapore Plans Sensible

I presume the analysts have more experience than me on this:

More than one-third of the casino revenue is projected to come from Singaporean high rollers who now gamble abroad. But why would they stay home when Singapore bans credit for local players? Second, the privacy of players is not protected as it is in the United States. Furthermore, the government wants the resorts marketed only as destinations, not casinos, with less than half of their revenue coming from gambling. So Wall Street wants to know where the players will come from when “there’s no there there?”

Marketed as a ‘destination’. Heh. A destination for fun, $fun$, $$fun$$?

• 26 Jul 2005

• Thinking