Gambling propels Singapore’s economic growth

TAGs: Singapore, Time Magazine

Singapore-Economic-GrowthTime magazine has dubbed Singapore the “hottest (little) economy in the world” and — surprise, surprise — the country’s recent decision to end its 40-year ban on gambling is getting a lot of the credit for the dramatic surge in growth (up 18% in the first half of 2010). The two casinos opened in Singapore this year (Marina Bay Sands and Resorts World Sentosa) have already seen 3M customers walk through their doors. When it rains, it Singapores! Read more.


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