28 Thousand Excluded From Marina Bay Sands
Las Vegas Sands Corp (LVS: 19.50 +1.14%) will have to ensure that more than 28,000 Singaporeans do not enter the Marina Bay Sands casino or face fines up to one million Singapore dollars ($725,000 U.S.D).
According to an Asian paper, Singapore residents that are considered to be legally bankrupt or receiving government aid will be banned from the districts two casinos in an attempt to prevent any social fallout from the opening of the casinos.
In additional to those automatically banned by the government, family members can ask the council to ban a relative and Individuals can also request self exclusion if they consider themselves to be prone to “compulsive and excessive gambling”.
As of December 6th, 19 people have been added to the list by family members and 56 people have applied for the voluntary ban, according to a statement from National Council of Problem Gambling.
In 2005 Singapore lifted the ban on casinos to boost tourism revenue amid competition from regional rivals, but put in place a series of restrictions to address public concern over public gaming.
Singapore citizens and permanent residents will also be required to pay 100 Singapore dollars before entering the casinos.
Las Vegas Sands $5.5 billion casino and resort project in Singapore is scheduled to begin open in phases sometime in the first quarter of 2010, although in a press release earlier this month the gaming company would not commit to a specific opening date.
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