Sunday, August 1, 2010

And some say Gambling is bad? LOL!

...Goldman Sachs estimates Singapore's 2010 GDP will be 16.5%, a substantial upgrade from their previous forecast of 12%.

What's fueling the hyper growth? The country's government loosened a 40-year-ban on gambling, commissioned two casinos complete with hotel, shopping and restaurant complexes — and a Universal Studios. The first casino opened in January of this year, followed by a second in April. Already, the $10.2 billion initiatives are paying off; the casinos attracted more than 3 million visitors by June. Coupled with a buoyant pharmaceuticals industry and an increase in global financial institutions setting up shop in Singapore, official government estimates put 2010 growth at 13% to 15%.

4 comments:

  1. I love gambling roulette with a system. Its fun and challenging in a casino.....

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  2. LOL! That's "System Trading", not gambling.

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  3. Mike, your dad still keeping MEASAT? Congrats.

    ReplyDelete