Singapore Ups the Ante by $1bn for Casino
SINGAPORE — As reported by the Australian: “Singapore has imposed a stiff minimum bet of almost $1 billion on casino operators vying to play in the island state - including Kerry Packer’s Publishing & Broadcasting Ltd and Tabcorp Holdings.
Related Gambling News:
- FACTBOX-Singapore casino bidding process
- Singapore Govt Confirms Wynn’s Withdrawal From Casino Bid
- UPDATE: Singapore Casino Tender To Be Launched Nov 15
- Sands Says Does Not Need Singapore Ally For Casino
- 2nd UPDATE: Melco, PBL Withdraw Bid For Singapore Casino
- Singapore Relaxes Casino Controls
- Singapore to name group to build casino in June
- Singapore drops casino revenue cap, keeps levies
- Singapore says Genting to bid for second casino
- UPDATE: Singapore Prices Sentosa Casino Land At S$605M
- Genting wins bid for Singapore island casino
- Sands sees Singapore casino breaking even by 2017
Interesting gambling facts:
- Dog racing (a race among greyhounds who chase after a mechanical rabbit) operates in 17 states. Jai-alai (a game similar to handball) is legal in just three: Connecticut, Florida, and Rhode Island.
- In 1911, the state of California ruled that "draw" poker was a skill, and thus could not be banned under existing anti-gambling laws. However, "Stud" poker was still considered illegal at the time.
- Riverboat casinos were first legalized in Iowa, then Illinois, followed closely by Missouri, Indiana, Louisiana, and Mississippi.
- Las Vegas is a testament of the powerful ability of gambling to foster economic development. Because of gambling, Las Vegas has shown impressive job growth, developed into a major city with a low tax burden that many state and local governments look at with envy.
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