Industry Analysis Case Study

Singapore's 'Gamble' With the Gambling Industry: The Payoffs

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Abstract:
In April 2005, forty years after its independence, the Government of Singapore permitted the establishment of casinos in the country. While the Singaporean government hopes to increase the attractiveness of the island as a global tourism hub, generate revenues and job opportunities, it also has to deal with strong opposition from domestic religious and social groups. These groups believe that introducing casinos in Singapore would result in individual bankruptcies and degradation of moral values.

Pedagogical Objectives:

• To discuss the logic behind the Singapore government’s introduction of casinos
• To discuss the ethical and moral issues involved in business.

Keywords : Government and Business Environment Case Study,Singapore's economic strategy, Singapore's tourism industry, Lee Kuan Yew and Asian values, Singapore's marketing strategies as a tourist destination, Singapore's integrated resort, Singapore's economic diversification through casino, Economic benefits through casino, Singapore's 'economic leakage', Social implications of casino in Singapore, Macau and Hong Kong casino, Singapore's restrictions on gambling, Singapore Tourist Promotion Board, Lee Hsien Loong and casino, Families Against the Casino Threat in Singapore