Resorts in Singapore attract tourists all over the globe. Apart from improving Singapore’s economy, casino entry fees decrease compulsive gambling.
How Effective Are Entry Fees in Solving Problem Gambling?
Singapore Minister of Manpower, Josephine Teo, explained the results of the project on preventing local citizens from gambling, which led to a 50% decline in compulsive gambling rates from 2010 to 2018. The result was so good that the city budget increased by $1.3 billion over an eight-year period.
The main tourist attractions in Singapore are two casinos: Marina Bay Sands and Resorts World Sentosa. The initial daily entry fee was US$73 or S$100 per day and has risen to US$109 or S$150. The Singaporean government noted problem gamblers among locals in 2010, which was the main reason for deterring the problem by taxing the citizens and permanent residents.
Minister of Manpower, Josephine Teo, announced at the Parliament that those imposed fees were introduced to discourage both casual and impulsive gambling among the local population and were put there as a preventative measure. She also added that based on the most recent gambling participation survey conducted by the National Council on Problem Gambling, pathological and problem gambling rates decreased each year.
Since Marina Bay Sands and Resort World are the most famous casinos in Singapore, they attract clients with glamour and plenty of gambling activities. Last month, the government extended the casinos’ licenses until 2030 and allowed both casinos to expand their facilities. Not only will they invest S$9 billion in tourism but also pay additional S$2.3 billion for the land.
Overall, the Singapore government is of distinct opinion that casinos will not only influence responsible gambling but are beneficial for the country’s economy. The collected levies are channeled to the Tote Board, which funds social and community projects that benefit the public.