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...Resorts World Sentosa, slated to open in mid-February and which will include six hotels and a Universal Studios theme park, will have run a construction tab of roughly $4.5 billion. Adelson says his showpiece project on Marina Bay, boasting Singapore's largest hotel and one of Asia's biggest convention spaces, will cost roughly $5.5 billion by the time it's expected to open around April. (Read about Singapore's turning point in the global recession...
...unusually high $70 daily casino entrance fee, or $1400 for an annual pass, being imposed on local visitors will be one of the casinos biggest obstacles. "The entry levy is meant to signal that gambling is an expense, not a means to make a living," explains Lim Hock San, Chairman of the National Council on Problem Gambling. "It discourages impulse gambling." Though betting on horse races is allowed in Singapore, the government strictly controls other forms of gambling, one of the reasons it plans to allow only two casinos to operate on the small island. The families of gambling addicts...
...visitors to come to Singapore and spend money on entertainment and hotels and shopping, not purely on gambling." Citigroup expects the casinos to help push up visitor arrivals to 12.8 million by the end of 2011, roughly a third higher than where they stand today. Says Noel-Johnson, "The biggest winner will be the Singapore government because of the spillover effect on hotels and tourism." Even as the odds appear daunting for its casinos, like any prudent gambler, Singapore has carefully hedged its bets...
...different world. This university had its own police department, its own housing system and, most impressive, its own currency in the form of Crimson Cash. I come from Brazil and study at EAESP-FGV, the nation’s top business college. I confess, though, that my biggest dream had always been to go to Harvard University, which has one of the best business schools in the world. But leaving my family and country behind was too difficult, so I reluctantly settled to instead attend Harvard Summer School this past summer...
Flanzraich, who said the idea for the event was inspired by the series of popular lectures known as “TED Talks,” added that yesterday’s lectures, once published online, might reach the biggest audiences some of the professors had ever accessed...