Integrated resorts, also known as IRs, are large-scale developments that combine casino gaming, entertainment, and hospitality offerings. In Singapore, two integrated resorts have been operating since 2010: Marina Bay Sands and Resorts World Sentosa.
These resorts have been a major success for Singapore, attracting millions of visitors and generating billions of dollars in revenue. Here are five of the key benefits of integrated resorts in Singapore:
- Economic Benefits: Integrated resorts have been a major economic driver for Singapore. In 2019, the two IRs generated S$13.7 billion in revenue and supported over 100,000 jobs. The resorts have also helped to attract foreign investment and boost tourism.
- Employment Opportunities: Integrated resorts have created a significant number of jobs in Singapore. In 2019, the two IRs employed over 100,000 people. The resorts offer a wide range of jobs, including casino gaming, hospitality, and entertainment.
- Entertainment and Leisure: Integrated resorts offer a wide range of entertainment and leisure options for visitors. These include casinos, shopping malls, restaurants, bars, nightclubs, and theaters. The resorts also host a variety of events throughout the year, such as concerts, sporting events, and exhibitions.
- Tourism: Integrated resorts have been a major draw for tourists to Singapore. In 2019, the two IRs attracted over 19 million visitors. The resorts have helped to boost tourism revenue and support the local economy.
- Community Involvement: Integrated resorts have been involved in a variety of community initiatives in Singapore. These include supporting local charities, sponsoring sports teams, and hosting educational programs. The resorts have also helped to create a sense of community in the areas where they are located.
Overall, integrated resorts have been a positive force for Singapore. They have generated economic growth, created jobs, provided entertainment and leisure options, attracted tourists, and supported the community.
The future of integrated resorts in Singapore is bright. The two existing IRs are expected to continue to be successful, and there is potential for the development of new IRs in the future.
The Singapore government has been supportive of the development of integrated resorts, and it is likely that this support will continue in the future. The government recognizes the economic benefits of IRs, and it sees them as a way to attract tourists and boost the economy.
The development of new IRs in Singapore will depend on a number of factors, including the availability of land, the regulatory environment, and the demand for gaming and entertainment. However, there is a strong case for the development of new IRs in Singapore. The city-state is a popular tourist destination, and it has a strong track record of success in the gaming industry.
Integrated resorts have been a major success for Singapore. They have generated economic growth, created jobs, provided entertainment and leisure options, attracted tourists, and supported the community. The future of integrated resorts in Singapore is bright, and there is potential for the development of new IRs in the future.
| Table 1: Economic Impact of Integrated Resorts in Singapore |
|—|—|
| Revenue (2019) | S$13.7 billion |
| Jobs supported | Over 100,000 |
| Foreign investment attracted | Billions of dollars |
| Tourism revenue generated | Billions of dollars |
| Table 2: Employment Opportunities in Integrated Resorts |
|—|—|
| Number of employees (2019) | Over 100,000 |
| Job categories | Casino gaming, hospitality, entertainment |
| Wages and benefits | Competitive |
| Training and development opportunities | Available |
| Table 3: Entertainment and Leisure Options at Integrated Resorts |
|—|—|
| Casinos | Yes |
| Shopping malls | Yes |
| Restaurants | Yes |
| Bars | Yes |
| Nightclubs | Yes |
| Theaters | Yes |
| Events | Concerts, sporting events, exhibitions |
| Table 4: Community Involvement by Integrated Resorts |
|—|—|
| Charitable donations | Yes |
| Sponsorship of sports teams | Yes |
| Educational programs | Yes |
| Community events | Yes |
