Word: casino
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...Chinese government, however subtly, is clearly trying to convey the message that the stock market isn't a casino, it's a long-term way to build wealth. CCTV, the government-controlled television network, ran a long interview this week with a pleasant, gray-haired retiree named Guo Xiufeng. She says she now has $130,000 in savings thanks to the stock market. She started investing more than 10 years ago with $2,500, she says, "and every time the market went down a bit, I would just buy a little more." Everybody got that? When the market went down...
...casino is located on a 24-hectare strip of land on the southern shore of Marina Bay, not far from the city's growing financial district at the mouth of the Singapore River. In February American casino operator Las Vegas Sands broke ground there on what will be the city's first integrated resort, scheduled to be completed in 2009. Beyond gambling, the Marina Bay Sands-composed of three nearly identical 50-story towers-will offer 2,500 hotel rooms, 93,000 sq m of convention space, two theaters, an ice-skating rink, shops and restaurants. A revitalized waterfront will...
...other casino, to be developed by Malaysia's Genting International, will stand on Sentosa Island, which is connected by bridge, light rail and cable car to the main island. Using land it had been reclaiming since the 1970s, the government several years ago began auctioning Sentosa plots to the private sector, but only to be developed under its careful guidance and marketing. Beaches that ringed the island were spruced up, and two golf courses modernized. Thirteen hotels containing about 3,500 rooms are planned, providing lodging for tourists drawn to the beaches, the casino and a Universal Studios theme park...
...Overall, an unprecedented 173,300 jobs were created in Singapore last year, and not just in high-pay professions. The construction and tourism sectors are also on the upswing. The Marina Bay Sands and Genting casino projects by themselves will add $8 billion of foreign investment. When completed, the developments are expected to create 38,000 service-sector jobs. "We have more than 450,000 citizens over 55 that are underemployed and undereducated," says Dr. Loo Choon Yong, a lawmaker and chairman of the Sentosa Development Corporation. "These are jobs they can do." Today, 68% of Singaporeans work in service...
Marina Bay Sands Slated to be home to Singapore's first casino when completed in 2009, this $4 billion resort will sport more than 2,500 hotel rooms in three soaring towers. The project includes a shopping mall traversed by canals, an indoor ice-skating rink, two 2,000-seat theaters for Broadway shows, and an architecturally distinctive arts-and-science museum...