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Gaming
News , 27 Sep 04
Caesars
Official: Singapore's Restrictions to Deter Companies
SINGAPORE – As reported by the Singapore Business Times: "One
of the world's biggest casino operators has made it clear that a Singapore
casino which comes with entry curbs will be a no-go for it.
"Mike Stirling, senior vice-president for international operations
at Caesars Entertainment, which controls Caesar's Palace in Las Vegas
and 28 other properties around the world, said any entry restrictions
the Singapore government may impose will most likely deter large-scale
gaming companies from investing here."
His view is shared by many analysts, including Jonathan Galaviz, an
independent gaming analyst with Las Vegas' Galaviz Investment Management
and a former senior manager at Mandalay Resort Group, another global
casino giant. "'Casino gaming operators would still make an investment,
but it would not be at the significant levels that would meet the
strategic objective set up by (the government), which is to grow the
mass tourist market,' Mr Galaviz said in reference to entry restrictions.
'In a worst-case scenario, this would be a recipe for financial disaster.'…"
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