PM Lee: The government has ‘gained’ from the casinos
Posted by temasektimes on October 13, 2012
Giving a lecture to the Australians at a dialogue session in Sydney yesterday, PM Lee said there have been ‘obvious benefits’ from the two casinos.
“There is no further issue of principle and from the point of business, it’s quite good to have two in fact, the casinos are happy because then if you don’t have as much luck as you wish in one place, you go to the other place. They came up at a good time, after the financial crisis. Business-wise, they’ve done very well; revenue-wise, the government has gained,” he said.
PM Lee went on to elaborate:
“There’s some offset because our horse racing isn’t as exciting as it used to be, people have gone to gamble in casinos instead but overall government revenue has gone up.”