Search the Community

As Las Vegas Sands and RWS continue to rake in hundreds of million of dollars in profits and the govt get their gaming tax cuts and revenue, many have paid the price. The 2 casinos and the govt must be earning at least S$1B a year. Guess who pays the price? It is not just the gamblers who suffer. Their families who get less to spend on other stuff. The biggest sufferer is actually the rest of the retailers all over Singapore who does not get a pie of these integrated resorts. Retail sales are badly affected from Marina to Orchard and the regional shopping centres. It is a zero sum game for the local retailers. Even if we assume half of the money lost are from the foreigners/tourist, we are talking about taking 500M from the local economy and this goes straight to the two casinos as profits. If you are in retail, I believe you would have felt the impact in the last year. Hundreds of millions of dollars are also being lost by all the private clubs in Singapore that depended on the jackport machines. I have not factored in the cost of lives and broken families cos I dunnoe how to calculate these................... If you have not started to get addicted to gambling, dun start. The house ALWAYS wins.