Singapore casinos could boost city’s GDP by nearly two percent

SINGAPORE (AFP) - Singapore’s two proposed casino resorts could boost the city-state’s economic growth by nearly two percentage points and indirectly create about 20,000 jobs, an economic study predicts.

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Fri, December 23rd, 2005

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Casino gambling facts:

  • The Great Wall of China was financed, in part, by a lottery. The Bible is replete with references to drawing lots. Lot casting was a favored means of communication between man and god.
  • In 1857, Prince Charles III of Monaco decided to introduce gambling to his Mediterranean principality to boost its finances.
  • The first World Series of Poker was held in downtown Las Vegas at the Horseshoe Casino back in 1970. Then owner of the Horseshoe Jack Binion, hosted the very first one and has agreed to host upcoming World Series of Poker Tournament Circuit. Jack Binion said that is purely honorary and plans on doing other types deals and events in the future.
  • In 1980, the American Psychological Association included pathological gambling in their Diagnostic and Statistical Manual of Mental Disorders, Third Edition (DSM-III).