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The Future of Asia 2012

Ex-Singapore Premier Lee Kuan Yew Not A Fan Of Casinos

Thursday, May 24, 2012

TOKYO (Nikkei)--Lee Kuan Yew, the former prime minister of Singapore, expressed reservations about having casinos in the city-state, while speaking at the annual Future of Asia conference here Thursday.

"I do not believe it is a good idea to expect people to get rich by luck. Especially in casinos," Lee said.

"Singaporeans have to pay S$100 to go in; for foreigners it's free. Perhaps it should have been S$500," he said.

Lee said he was initially opposed to having casinos in his country, but that he accepted the idea after Lee Hsien Loong, his son and the current prime minister, decided to impose an entrance fee for Singaporeans.

Titles of speakers, names of companies, etc., were correct as of the time when the forum was held.