Public Others Government Business Arts Community
Entertainment Lifestyle Services People Travel Internet Stuff

 

 

     FrontPage Edition: Thu 30 December 2004

Weather: Meteorological Service Singapore    High & Low Tides

Yesterday    2004     2003     2002     2001     2000     1999

Social safeguards for integrated resort with casino gaming

 
The Government of Singapore is considering the development of an Integrated Resort (IR). This is envisaged to be an iconic lifestyle development with a comprehensive range of world-class amenities which may include hotels, convention facilities, retail and dining, entertainment shows, themed attractions and a casino.
The strategic objective is to broaden our leisure and entertainment options to enhance Singapore’s reputation as a premium “must-visit” destination for leisure and business visitors.
Social Safeguards
Social safeguards would be put in place if the IR contains a casino gaming component1. These social safeguards aim to address problem gambling and to mitigate potential impact on our families, social values and work ethos.
The social safeguards include a minimum age requirement, membership system for Singapore residents, self-exclusion programs, guidelines on credit extension, facility to allow setting of voluntary loss limits, advertising guidelines and patron education. The details are in Annex.
A robust and stringent regulatory regime will be developed in Singapore. Similar to those imposed in leading global gaming jurisdictions, a set of strict international regulatory standards such as measures against money laundering, illegal money-lending, licensing and screening of operators and employees will be imposed. This is also a key consideration for potential investors.
Request for Concepts
The Government of Singapore is inviting potential investors to submit their development concepts and investment proposals for an IR. The Request for Concepts (“RFC”) will allow potential investors to provide more information on the development concepts, investment size, and feasibility of the conditions and requirements imposed. This will assist the Government in making a decision on whether to proceed with the IR development.
The key conditions and requirements in the RFC are described in Annex. Potential investors will have up to end February to submit their concepts. A formal Request for Proposals (“RFP”) will be called only if the concepts received are compelling.
All investors who are interested in developing an IR in Singapore are invited to respond to the RFC. Only those who have responded to the RFC will be subsequently invited for any call of RFP. Potential investors can obtain the RFC package from:

Singapore Tourism Board

Tourism Court

1 Orchard Spring Lane

Singapore 247729

E-mail: IR@stb.com.sg

MINISTRY OF TRADE AND INDUSTRY

MINISTRY OF COMMUNITY DEVELOPMENT, YOUTH AND SPORTS

29 DECEMBER 2004

[1] The IR will have a compelling mix of non-gaming attractions, with casino gaming revenues as a minority component of total IR revenues. It is expected that international patrons, instead of local residents, will contribute a larger proportion of total gaming revenues.
More.....(Annex)

Source: Singapore Government Press Release 29 Dec 2004

Related Reading:

Casino in Singapore?

Important Notice

Our FrontPage Editions are a historical record of our Web site and reflect the changing of the times, and also of our Web site through time. We do not and will not update the links and stories on these FrontPages even if they have become obsolete.

 

If you have an event or some news to share with our readers, send the details, including picture(s), to us at editor@getformesingapore.com.

We are now 7434 pages thick and growing.

Public Holidays NEW YEAR'S DAY is the next public holiday. It falls on 1 January 2005.