| On April 18, 2005, the Singaporean Government lifted a long standing ban of casino gambling, announcing that two casino licenses would be awarded. One casino license will be awarded for a casino to be constructed on Sentosa Island. The other license will be for a casino located at the Marina Bay.; This thesis will attempt to answer the question of why the Singaporean government decided to legalize casino gambling after forty years of strictly prohibiting it. This thesis will then estimate the economic effects of legalized casino gambling on Singapore's economy, as well as estimate the costs of legalized casino gambling. This thesis will also discuss what the Singaporean government likely deems important in a casino operator, and estimate what attributes potential casino operators must possess to be awarded a license to operate a casino. This thesis will lastly provide estimations as to what issues of importance to both the Singaporean government and the casino operators may arise after the casinos are opened to the public in the estimated year of 2009. |
