Will 20,000 casino jobs save Singapore’s ailing economy?
That is the question asked in this recent article. It looks like the recent Marina Bay Sands advertising campaign to recruit thousands of new workers has created quite a stir in Singapore. It has even gotten me excited because Ive noticed traffic to this site is up by about 500% since the job recruitment drive started. Keep it up guys, the more excitement the better.
Blurb:
But millions of job-seekers here and the surrounding countries, the arrival of this new casino culture in Singapore is a heaven-sent.
A large number of Singaporeans still oppose their presence as a threat to the family given the people’s propensity to gamble. But in the wake of the weakening job market the grumbling has become less noisy.
The integrated resorts will result in an additional 25,000 related jobs being created.
It could raise economic growth by 2% and double tourist arrivals to 17 million and raise total tourism receipts to S$30bil (RM71.2bil) by 2015 (non-recession calculations).